What does EDI stand for?

EDI stands for Electronic Data Interchange. This term refers to the structured exchange of business documents between organizations using electronic means instead of traditional paper-based methods. EDI facilitates the automated transfer of data and information, such as purchase orders, invoices, and shipping notices, significantly improving efficiency and reducing errors associated with manual processing.

By standardizing the information exchanged, EDI allows businesses to streamline operations, reduce administrative costs, and speed up transaction times. It’s a vital component in various industries, especially in supply chain management, where timely and accurate information sharing is crucial. The other options provided do not accurately capture the widely accepted definition of EDI, making "Electronic Data Interchange" the correct and most applicable term.