A nationwide retail supermarket chain in Nigeria modernizes its administrative operations by establishing a virtual procurement office. Under this new structure, store managers automatically transmit standardized electronic purchase orders directly from their computer network to suppliers' databases without manual paperwork, while corporate accounts settle invoice liabilities directly through secure interbank electronic channels. Which combination of modern office automation and electronic technology systems is directly responsible for handling paperless document exchange with suppliers and executing direct corporate payments, respectively?
- Electronic Data Interchange (EDI) for supplier document exchange and Electronic Funds Transfer (EFT) for corporate payment executionAnswer
- BBusiness-to-Consumer (B2C) e-commerce for supplier document exchange and Point of Sale (POS) terminals for corporate payment execution
- CManagement Information Systems (MIS) for supplier document exchange and Automated Teller Machines (ATM) for corporate payment execution
- DExecutive Information Systems (EIS) for supplier document exchange and Electronic Data Interchange (EDI) for corporate payment execution
Answer
Electronic Data Interchange (EDI) for supplier document exchange and Electronic Funds Transfer (EFT) for corporate payment execution
In modern office automation and virtual business operations, Electronic Data Interchange (EDI) replaces physical paperwork by facilitating direct, standardized computer-to-computer exchange of business documents like purchase orders between corporate trading partners. Complementing EDI, Electronic Funds Transfer (EFT) handles the electronic movement of funds directly between corporate bank accounts, eliminating paper cheques and physical cash payments.
Step-by-Step Solution
Key Concept
Office Automation Systems (EDI and EFT in Virtual Commercial Operations)
Estimated Time:1m 30s