Which of the following technologies can provide accurate,timely and cost-effective data sharing to the expenditure cycle?
A)RFID
B)SCM
C)EDI
D)CRM

Question

Quizplus · Accepted Answer

EDI (Electronic Data Interchange) allows for the automated electronic exchange of business documents, such as purchase orders and invoices, between trading partners. This can provide accurate, timely, and cost-effective data sharing within the expenditure cycle. RFID (Radio-Frequency Identification) and SCM (Supply Chain Management) may also provide some benefits within the expenditure cycle, but EDI specifically addresses the need for electronic document exchange. CRM (Customer Relationship Management) is not directly related to the expenditure cycle.

Which of the Following Technologies Can Provide Accurate,timely and Cost-Effective