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EDIFACT stands for "Electronic Data Interchange for Administration, Commerce and Transport" and represents a set of standards specifically designed for international electronic data interchange (EDI). It provides guidelines for the exchange of structured data between businesses and is widely used across various industries to facilitate the seamless transfer of documents like purchase orders, invoices, and shipping notices.
The significance of EDIFACT lies in its ability to promote interoperability and efficiency in electronic communications, enabling organizations to automate transactions and minimize manual intervention. This standard is recognized globally and helps in bridging the communication gap between companies operating in different countries or regions.
Understanding EDIFACT as a standard for international electronic data interchange underscores its role in modern business practices, where efficient and standardized communication is vital for operations, especially in the context of global trade and commerce.