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Electronic Data Interchange is the inter-organizational, computer-to-computer exchange of business documentation in a standard machine-processable format, by Emanio.

EDI Emanio

EDI EmanioEDI is short for Electronic Data Interchange. It is a trade exchange system that replaces common business forms and documents such as purchase orders, invoices, shipping documents, etc., with a computer-based communications and records keeping system.Another definition of EDI: Electronic Data Interchange is the inter-organizational, computer-to-computer exchange of business documentation in a standard machine-processable format.There are a number of key points in this definition that makes EDI very different from other forms of paper or electronic communications. Firstly, EDI happens between companies, it is cross enterprise. While the growth in the use of computers and other advanced technologies has been tremendous during the past decades, the same trend is beginning to happen between companies. While the technology of EDI can be used internally within an organization, by definition EDI is organization to organization.EDI happens between computers. The purpose of EDI is not to eliminate paper, but rather to eliminate the time and the data entry associated with paper. It is generally accepted that 70 percent of one computers business data output becomes a second computers data input. In a paper environment without EDI this means that the same information is being entered, in different processes, into both computers. With EDI, the computers are linked such that duplicate data entry does not take place.The purpose of EDI is to improve the flow and management of business information. Any information that, today, is on a business form of any kind, is appropriate for EDI. EDI is currently being used for all of the most common business transactions such as purchase orders, invoices, quotes, bills of lading, status reports, receiving advices; and also for some very specific transactions such as residential mortgage insurance applications, healthcare claim payments, and material safety data sheets.Because EDI is computer-to-computer communication, rather than personto-person communication, the data being exchanged in EDI must be understandable to a computer. This means the data must be in some pre-established, structured format, thus allowing the data to be read and understood by the computer without human interpretation.As stated earlier, the purpose of EDI is to improve information management. EDI accomplishes this by reducing non-value added time and eliminating redundant data entry. The basic functioning of EDI, as compared to a paper-based system is illustrated in the paragraph below.In the basic EDI transaction that would be shown in a figure, the buyers computerized purchasing system creates an order on a paper form. The paper purchase order is delivered through some manual system to the supplier. When the order is received by the supplier, an order entry clerk abstracts information from the purchase order and enters it into an order entry system. With EDI, on the other hand, the data moves directly from the buyers computer to the sellers computer, without any delivery or processing delays. In EDI, the transformation to a paper format, the interpretation of that paper format by an order entry clerk, and the re-entering of the data are functions that are no longer necessary.

It Could Happen to You

It Could Happen to You

Copyright 2006 New World Opportunities Inc.This is a true story.I was 25 years old when I answered an ad in the Toronto Star one day.It read "GROUND FLOOR OPPORTUNITY". The content of the ad basically discussed the fact that the company was new,willing to train managers in every facet of the business and would promote successful candidates into their own office.As well they had large ,international intentions.I walked into a cramped ,shabby interior of an office smack dab in the heart of Chinatown but what struck me was the energy of the place and the confidence of the gentleman who interviewed me ( unbeknownst to me at the time but he was a millionaire by the age of 30).I was hired on a 100% commission plan only and thus I entered the world of telemarketing selling paper rolls and ribbons for POS,cash registers and credit card machines.It was a classic boiler room only the business was a legitimate model through and through.However,hustle and attitude were the vernacular of the day.These gentlemen had run businesses before but their forte was strictly a direct sales platform where their peopel were independent brokers and every deal was cash on the barrelhead.The one big gaffe that they were committing and it proved to be a valuable lesson for me to pay heed to before I was promoted to my first office 11 months later was this:they had a phone book for every,and I mean every province,territory,region and major island in Canada.One gent even specialized in contacting the Northwest Territories inside the Arctic Circle! Yes, there were citizens other than native peoples residing that far north.So, here they were shipping all over this vast nation right from Toronto......but here is the kicker.They were giving everyone and his mother 30 day billing terms.Next thing you know they had rung up well over $ 300 K in receivables in less than 100 days.We collected cash locally but this was astronomical and if it were not for the deep pockets of their direct sales divisions it would have sank this ship rapidly.Let's just say it wasn't difficult getting sales under those premises and they inevitably took a 25 % burn on those outstanding invoices.Now,several months later we were in beautiful but not always sunny Vancouver,B.C. Here came mistake # 2.We rolled out too much money on start-up including unnecessary furnishings and leasing an excessively large office space,etc.I was down $30,000 before I could shake a stick at our first sale.We eventually got better at the game and reached 34 offices over the next few years before the wheels came off.By the end of a two year tenure,our legal compliance dept. strongly advised us to pay ALL employees a base salary.The two biggest factors behind their reasoning were,unlike our direct sales divisions,we were dictating time and requiring them to work on our property utilizing our materials.Now, the hard knock school of only the strong survived transformed virtually overnight into one where everyone,regardless of performance,was guaranteed a weekly cheque.This did put a strain on one's payroll and we had to be very careful as to how much we invested into one's training and in how long we retained their services.A lot of us (managers) tended to put too much stock in a candidate who exuded professional habits and appearance,radiated great energy and spirit while possessing terrific interpersonal skills and leadership but who couldn't sell his/her way to a bagged lunch ! Needless to say this was rather costly as we strived to develop future "business owners" in record time.Here's a real beauty.We were so naieve when I look back in retrospect and perhaps we placed too many comparisons to our brothers and sisters in direct sales.We did not fulfill our sales tax submittals for the first 6 or 7 months ( 2 fiscal quarters anyway) to Revenue Canada ( our version of the IRS).One day this ripe,old 26 year old gets a knock on the door by a visiting RC agent who isn't there to try our coffee.We have a fairly pleasant chat and 20 minutes later he's departed and I'm holding my head in my hands trying to figure out from where I'm going to get $140 K ! I guess sales hadn't been too bad. Anyway,I paid it off in full within a few short months as I was fortunate to be somewhat talented in the sales and recruiting aspects of our business.As my millionaire mentor used to be fond of saying,I performed my best when my back was against the wall.I realize many of you reading this might be thinking how could my predecessors or I be so ignorant or naieve but believe me when I say "it could happen to you".It is too easy to put on the blinders or get caught in a vortex when you are placing all of your energies into sales or recruiting or training that one easily catches themself saying "manana".I have yet to meet a salesman /marketer who enjoys administration.In closing,it was the most incredible business boot camp a young man could ever want and I would do it.....well,almost all of it all over again.I don't think the Wharton or Harvard business schools could have prepared me for the success for which I have been most grateful in achieving.

Work From Home Business - 4 Most Popular And Quickest Ways Start Working From Home

Work From Home Business - 4 Most Popular And Quickest Ways Start Working From Home

It is very trendy to have a work from home business these days. Making money online is increasingly becoming popular as people seek to be in charge of their financial situation, earn income from home and get a better work-life balance. The internet is full of various opportunities for making money online. However, besides the genuine ways to make money online, there are also some scams which pry on those who are not well-informed about the legitimate and proven ways to make money online.So, with all the various opportunities and ways of making money available online, which is the best one to choose? What are the best work-from- "home business" ideas?For a lot of people intending to start a work-from-home business, how to get started and the business opportunity to choose is the biggest challenge. Key questions which people will have are: Is this the right work from home business idea for me? Do I need a lot of experience to succeed in this business? How much money do I need to get started in this business? Is it a proven work from home business?Presented here are the best and quickest ways for anyone to start a work from home business, regardless of their experience.Affiliate programs and other peoples products...Affiliate programs are a very easy work from home business idea. Affiliate programs are a way of making money whereby you can promote products, services or a business opportunity that is set up by the business owner, in return for a commission. The amount of commission you can earn varies widely, from about 15% to 70%.So, what are the advantages of affiliate programs? With affiliate programs, you need only a very small capital outlay for such things as getting a website, and ongoing promotional costs. You do not have to actually create a product of your own, or stock the products you promote. Your sole aim is to advertise your website and the products, create as many sales as possible, and gradually increase your commission checks. This makes affiliates the best and easiest way to make money online.Private Label Resell Rights ProductsWhat are private label resell rights products? They are products that are created already, and you can claim ownership of these products and market them as your own.What are the key advantages of a private resell rights home business opportunity? You get a ready-to-market product, so you can be in business even if you do not know how to create a product yourself. You can market the products and keep all the profits. You can start to make money online quickly.Resell Rights Products...Resell rights products are products that are already created and are accessible to anyone who is able to pay for the Resell Rights to market them.What are the advantages of a resell rights home business opportunity? You get to market a product that is already created, so you do not need to be experienced enough to create a product to start making money online. Sometimes you can get these products with websites that have already been created for you, so you can quickly start making some profits. You also get to keep all the profits.The only disadvantage of resell rights business is that you can not have ownership of the products, since the originator of the products retains the products ownership.Create your own product!For a lot of people planning to start a work-from-[*_*], this seems very challenging and daunting. However, it is not that very difficult because everyone knows a bit about something! All you have to do is to think about what you enjoy, what you know, what you have learnt; and put that into an e-book or a product which you would have established that there is demand for. Use what you know to start your own work from [*_*].These are the best ways to quickly and easily start a work from [*_*] and make money online. Working from home helps you to earn some extra cash and you have a chance to potentially earn a lot of money from home in the long term. With these proven methods of making money at home, anyone can start earning some money online, including you.

Micromanufacturing Opportunities Grow

Micromanufacturing Opportunities Grow

The demand and application of micron and sub-micron manufacturing requirements is growing, which offers unique challenges and immense opportunities to a wide group of tool shops and production parts manufacturers in the United States. The term micromachining loosely refers to part details and holes smaller than the human hair that are measured only in microns-or one thousandth of a millimeter.This focus on micromachining has captured the imagination of nearly every industrial segment. According to several market studies, micromanufacturing was a $3.9 billion industry in 2001. The market is expected to reach $9.6 billion by 2006.Technical and application engineers at Makino, a global provider of advanced machining technology, say that such industries as biomedical, medical appliance, personal electronics, fluid transfer, optics and fiber optics, RF electronics, communications, military, aerospace products, and the automotive world are focused on micromanufacturing. They all see the potential in new and exciting consumer and industrial products emerging daily. These smaller, lighter parts with higher degrees of functionality have set new demands on original equipment manufacturers to reevaluate the design and concepts of various machining systems and technologies. You may have already experienced a number of emerging uses in micromachined parts in your computer, heart monitor or pacemaker, automobile, cell phone, and many more applications.The capability to produce parts with such high accuracy and surface quality on a variety of newer materials, including metal alloys and ceramic, is in very high demand. Unique new machines can produce holes as tiny as 0.00078 inches in diameter, 100 times smaller than many previous machining operations.The application of micromanufacturing represents a "business reality" to machine manufacturers and suppliers. Learning to apply these high-tech designs, concepts and machine tools will permit U.S. manufacturers to offer a broader understanding and service capability to combat foreign manufacturing competition.

The Myth Of The Sticky Wall

Let me throw a few statements at you and see if they sound familiar. By the way, hide your thoughts from me because Im going to try to read your mind and guess your answer.Here goesIts a numbers game. The more people you contact, the more you will enroll.You got to send out 50 magazines/info packs every month. Youre not serious if youre not on a [insert number] autoship for [insert tool name].You can sift through 20 people in a few hours. Ask them if theyre interested. If not, move on to the next person.Just send them out; these tools have a long shelf life.Get the picture? Have you heard that or something similar before from your upline? Wait dont tell me. Let me guess. Hmmm Yep, you have.This is an approach thats taught by many. I call it the throw mud at the wall and see what sticks approach. Ive tried it. Guess what? Maybe it was just bad luck, but the walls I picked were made from Teflon. Nothing stuck. Several thousand dollars later and my results were a spectacular zero, zip.Why is that?The MLM rock stars usually tell you, This is a million dollar tip. Well, what Im about to tell you is a thousands of dollars savings tip. So, listen up.People DO NOT CARE about you and your wonderful opportunity. To them, youre just another one thats trying to either drag them into something or get your hand into their pockets.Sending them tools that describe how wonderful your company and opportunity are serves just one purpose. It moves inventory and inflates the bank balances of the people who publish the tools. They love you, I promise.At the other end of the chain, your prospects might send the tool back to you if you were smart enough to ask them to do so. Otherwise they just toss it in the trash. Your grocery money, in the trash.Im known as someone who networks with other network marketers, just for the sake of networking.Ever so often I get an email from someone where I can literally picture the new distributor jumping up and down, shouting, Look at my opportunity! Look at my opportunity!Poor soul, she has probably sent that email to hundreds of people. Why? Cuz her upline told her so. She may have received back a handful of no thank yous and she has enrolled the grand total of zero new distributors or product customers for her efforts.Even at a minimum wage, she has spent an awful amount in the time it took to send out all those emails, especially if she did not know about mail merge.Also, what she didnt know was that her domain was probably close to being blacklisted as an origin of spam. That would send all her future emails straight into the junk mail folder where her opportunity can rub shoulders with bigger boobs, higher sex drive, free credit cards, and all those other fantastic offers that we all cannot wait to read about every day.Wait, I digressWhat do people care about?They care only about their lives. They care only about their challenges, about their dreams if they have any left, and about their wants, needs, and dont wants.Heres my million dollar tip to you. Youre wasting your time pitching your opportunity to people who dont care. Heavy rocket science stuff. Duh.Dont even think about talking to someone about your company, products, or opportunity until you know what the person wants, needs, or doesnt want.Once you know that, you can show the person how your company, products, and opportunity can give them specifically what they want, need, or dont want.Then they will care, they will listen, and they will look."Wait," you say, "that sounds like a lot of hard work." Ever noticed the word work in network? Yes, network marketing is no different from any other business. It takes a lot of hard work to succeed.I will devote future newsletters to several ideas and threads that I've raised here.One last thought I want to share with you. Always remember, you are not dealing with prospects. You are not dealing with leads. You are not dealing with numbers. You are not dealing with entries on a list.You are dealing with people. Treat them that way.To subscribe to the Street Smart MLM Newsletter, visit MLM Newsletter | Advice | Succeed | Excel in MLM

Work from Home Successfully through the Internet and Network Marketing

You've probably heard or read plenty about the Internet and network marketing. Network marketing often gets a bad "rap" because so many thieves and greedy people have abused this type of business. But for all those who have given network marketing a bad reputation, there are plenty of others who are successful through hard work and perseverance. If you can forget the negative things you've heard and find a team of network marketers with similar goals, you can realize the same success that thousands of others enjoy every day - and work from home doing what you love.Learn the Principles of Network MarketingBefore getting started, do research to learn the basic principles of network marketing so you will know what to expect. Network marketing gives you the freedom to become "your own boss" without limiting your potential to create a steady cash stream. Network Marketing with OthersThe first key to success with network marketing is to learn to recruit others. Spend time getting others involved in the business so you can enjoy profits from their efforts as well. Some network marketing companies will recruit people for you. With these types of businesses, you may pay more on your initial investment, but will enjoy the benefit of marketing experts promoting for you.Receive a Residual IncomeSecond, set goals that will enable you to receive a residual income. This is an income that you receive on a regular basis, even after the work has been done. You might recruit several individuals to work with you. If they are successful, you'll receive a recurring income from their efforts. So it behooves you to encourage and help them every step of the way.Grow Your NetworkThird, you must learn how to grow your business or network. When you "work from home" , you can use the Internet and network marketing together to grow your business. The Internet opens doors of opportunity you might never have in your local town. For example, in your hometown you might find 10 to 20 people who are interested in network marketing. On the Internet, however, you can find thousands of others just like you! You can promote using many avenues online without spending a fortune. Also, email is a free avenue of communication for you and your network marketing team members, and it's a great tool in finding new prospects. Find a network marketing company that already has a profitable business model in place for their business. The company should be able to provide proof that it is working well for others with no gimmicks and hype - just good business strategies.A popular type of network marketing today is global resorts networking, in which you can purchase trips to beautiful destinations at wholesale prices. You can do what you love, work from home, and take vacations that most can only dream about.Start looking online for a work-from-home network marketing opportunity that works for you. You can realize success and meet other great people as you reach your goals.

Summary

Electronic Data Interchange is the inter-organizational, computer-to-computer exchange of business documentation in a standard machine-processable format, by Emanio.