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Two trading partners exchange information electronically over a linked system or the internet. What is this called?
AValue-stream mapping between the partners
BCellular manufacturing between the partners
CA reverse auction between the two partners
DElectronic data interchange between partners
Answer & Solution
Correct answer: D. Electronic data interchange between partners
1. Electronic data interchange is the electronic exchange of information between two trading partners.
2. It can be conducted through a linked computer system or over the internet.
3. It plays a critical role in efforts to produce and distribute vehicles and other goods worldwide.
_Source: OpenStax Introduction to Business (CC BY 4.0), Ch 10 "Achieving World-Class Operations Management", section E-Procurement, Electronic Data Interchange, and Blockchain_
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