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EDIEDI - Electronic Data Interchange Continental Resources offers a way to optimize your electronic transactions through EDI.
What is EDI? Short for Electronic Data Interchange, the transfer of data between different companies using networks, such as VANs or the Internet. As more and more companies get connected to the Internet, EDI is becoming increasingly important as an easy mechanism for companies to buy, sell, and trade information. ANSI has approved a set of EDI standards known as the X12 standards. - One time data entry - Eliminates hard copy printing and storage costs. - Reduced errors, improved error detection - Faster management reporting - Automatic reconciliation - Higher productivity -Rapid exchange of business data -Elimination of mail charges, courier services -Reduced inventory safety stocks -improved production cycle Uniform communications with all trading partners-customers, suppliers, carriers, banks Terms and conditions are locked in from the beginning.EDI Summary Efficiencies built into EDI systems, improves relationships between trading partners by enhancing profits. Costs are cut at the direct and indirect level as paper and errors are eliminated. A new openness between partners is established leading to more imaginative means of doing business profitably. Meeting the future is assured as Increased volume is easily handled computer to computer. Continental Resources offers: Basic Standards; X12M Standard ANSI forms/formats (operational at CRI); 850 = Purchase Orders 810 = Invoice 820 = Payment Order/Remittance Advice 856 = Shipping Notice 860 = Purchase Order Change Notice - The standards are structured so that EDI packages can easily be configured to translate data from internal formats to external formats and back again. Other EDI forms are extensive and available from DASI: 180 = Return Merchandise Authorization 805 = Contract Pricing Proposal 812 = Credit/Debit Adjustment 855 = Purchase Order Acknowledgment 865 = Purchase Order Change Acknowledgment 822 = Customer Account Analysis 823 = Lockbox 846 = Inventory Inquiry 867 = Product Transfer &Resale Report 997 = Functional Acknowledgment Corporate Contacts Administrative: Technical: |
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