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548 Making Key Strategic Decisions materials. Lastly, some companies use EDI to transmit their invoices and then to receive the subsequent payments. While industries use different versions of EDI in different ways, their goals are always the same: minimize the processing time and lower inventory costs and overhead expenses. An industry organization in Washington, D.C., developed and maintains a standard format that dictates how all transactions are sent, ensuring that all companies that wish to implement EDI can be assured that all vendors’ and customers’ computers will understand each others’ transactions, without requiring any custom programming. EDI, while still used quite.
