What is EDI and How Does It Work in the Retail Industry?

EDI is electronic software that helps businesses to exchange crucial business information through a standardized format, and EDI is applicable in every format including the retail industry. The retail industry is one of the busiest industries, and as the business is growing companies are opting towards EDI integration to enhance the business process. EDI retail replaces the manual work and streamlines the business process, which speeds up the communication process between business partners and vendors. EDI retail is beneficial for retailers and distributors as the exchange of documents like invoices, payment sheets and other documents becomes automated.