Glossary You Are @ Home/ Glossary A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z T Third Party A party involved in the trading relationship that exists between two or more trading partners but with whom neither of the trading partners trades. Third-Party Logistics (3PL) Outsourcing all or much of a company’s logistics operations to a specialized company. Trading Partner Companies that do business with each other via EDI (e.g., send and receive business documents, such as purchase orders). Trading Partner Agreement The written contract that spells out agreed upon terms between EDI trading partners. Transaction A single completed transmission, e.g., transmission of an invoice over an EDI network. Analogous to usage of the term in data processing, in which a transaction can be an inquiry or a range of updates and trading transactions. The definition is important for EDI service operators, who must interpret invoices and other documents. Transaction Set Commonly used business transactions (e.g. purchase order, invoice, etc.) organized in a formal, structured manner, consisting of a Transaction Set header control segment, one or more Data Segments, and a Transaction Set trailer Control Data Segment. Transaction Set ID A three digit numerical representation that identifies a transaction set. Transactional Acknowledgement Specific Transaction Sets, such as the Purchase Order Acknowledgement (855), that both acknowledges receipt of an order and provides special status information such as reschedules, price changes, back order situation, etc. Translation Software Software the converts or "translates" business application data into EDI standard formats, and vice versa. Transmission Acknowledgment Acknowledgment that a total transmission was received with no errors detected. Back To Top