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Date Created: 12/21/15
Role of e commerce in school online payment in Delhi In early 1993 the Economic Development Board of Singapore EDB conducted a study among multinational manufacturing companies MNCs in the electronics industry and confirmed that many MNCs were keen to have EDI linkages with their suppliers However as each supplier serves more than one MNC it would have to handle different formats of similar documents school online payment in Delhi from different MNCs as each MNC could have their own EDI format This would lead to a proliferation of standards and duplication causing suppliers to incur heavy costs in supporting different EDI formats The need to develop a unify EDI standard for the manufacturing sector in Singapore has led to the creation of EDIMAN Electronic Data Interchange for Manufacturing messaging guidelines EDIMAN messages have been developed specially for Singapore s manufacturing sector to facilitate electronic transactions between buyers and suppliers in the procurement process It specifies the data elements and formats contained in business documents E Commerce between buyers and suppliers SEDIA has helped to alleviate some fear among the trading partners in case of a dispute However most MNCs do not use the complete version of the original SEDIA instead it is used as a template to incorporate their head office legal requirements to suit Singapore s needs This has helped to expedite the adoption by many Japanese American and European MNCs with their suppliers With increased Internet penetration and the need to facilitate global business requirements a new XMLbased standard for the electronics and semiconductor industries is emerging Currently members of the EDIMAN community have started to pursue their interest in Rosetta Net which is a consortium actively setting global standards for the exchange of information via the Internet among the computer and semi conductor industries Rosetta Net has set up an office in Singapore to assist EDIMAN users in their migration to leverage on the global standard as most of MNCs suppliers are from overseas With the experience gained from implementing EDIMAN most users are aware of the benefits of 323 e Commerce and are therefore willing to embrace the new standard This is a significant milestone for Rosetta Net in creating a truly global standardsbased organization best online fee payment solution said Jennifer Hamilton CEO and Rosetta Net quotRosetta Net began as a multinationalbased initiative and we continue to expand the global operations with local and regional offices that will participate in ensuring the development of truly global standards and implementation of Rosetta Net e Business processes The Rosetta Net consortium in Singapore will consist of a steering committee supply chain partners solutions partners and coalition partners and is facilitated by the Infocomm Development Authority IDA of Singapore Representatives from 10 MNCs are also involved and include Agilent Technologies Chartered Semiconductor Manufacturing Compaq HewlettPackard Intel and Motorola
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