Traditional (non-Internet) EDI is a set of specifications for formatting documents that is designed to automate business flow among businesses by replacing paper documents with paperless ones. By employing EDI, an application program-generated document (such as a purchase order) can be transmitted over the network and automatically entered into and processed by an application program at a trading partner; in return, the application program at the trading partner can generate and send back a reply EDI document (such as an invoice) which can be incorporated electronically by the application program in the sender company. In the above scenario, the whole process is paperless, requires no human intervention, and is quick. EDI documents, unlike paper documents, are processed electronically by application programs with no human intervention, saving time and costs by eliminating or reducing paper transactions, phone calls, and faxes, compressing document turnaround times, and improving data accuracy by reducing (or eliminating) errors introduced while entering data manually.
Not that long ago, if you wanted to buy a product, it had to be readily available in your area. In order to purchase the product, you had to travel to the physical location of the store, or call a catalogue distribution outlet, during operating hours. This system for commerce was limited by time and space factors. A very powerful feature of the internet is its ubiquity. It liberates the market from being restricted to a physical space. In today hyper competitive market, companies that offer products and services online can capture consumers at anytime of the day, increasing sales as a result. Without ubiquity, making a sale at 3 a.m. was impossible without incurring the personnel expense of a 24 hour operational format. So, e-commerce gives many benefits to the customer as well as to the online merchant.http://www.reviewengin.com/profit-engine-review/