Transmission protocols:
The rules on how each envelope or package of information should be structured and processed by the communications devices are called transmission protocols.
Value-added networks:
Value-added networks (VAN) are mailbox-type services in which the sender’s and receiver’s computers are never directly connected to each other. Instead, both parties to the EDI arrangement subscribe to a third-party VAN provider.
XBRL:
XBRL (extensible business reporting language) was created to decrease the costs of generating financial reports, reformulating information for different uses, and sharing business information using electronic media.
Point-to-point:.
Point-to-point is the traditional EDI connection, where both parties have fixed computer connections, and the computers are used solely for EDI.
XML:
XML (extensible markup language) was developed by an international group of interested organizations as an open standard usable with many programs and platforms. XML codes all information in such a way that a user can determine not only how it should be presented but also what it is.
POS:
A point-of-sale (POS) system may directly transmit information to the seller, who can then deliver products on a JIT basis.
EFT:
An electronic funds transfer (EFT) system allows for the electronic transfer of funds.
Long-term contract:
Documents in a traditional purchasing system are replaced with agreements between the buyer and seller evidenced by a long-term contract.
