Author(s)
 

Source
  Canadian Business May 1995, v68n5, p. 43-44 (2 pages)

Abstract:
  As trade boundaries fall and global markets emerge, companies need to find new ways to remain competitive and maintain or increase market share. Forward-thinking companies are adopting electronic commerce to streamline business procedures and improve communication with business partners, suppliers and customers. Electronic commerce means many things: E-mail, electronic data interchange, electronic funds transfer, debit cards, smart cards, bar coding, imaging, interactive voice response and workflow software. Different organizations are taking advantage of some to all of these to save money, improve customer service, streamline their organization, and compete. Electronic data interchange (EDI), the cornerstone for much electronic commerce, is finally coming of age. No longer the preserve of retail titans, it is beginning to touch all industries. The issue is discussed in detail.