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Federal Government
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Federal Government Electronic Commerce and - FACNET - Electronic Commerce Electronic Commerce (EC) is a concept whereby the acquisition of supplies and services is conducted via a paperless exchange of business information through computers. This new approach to procurement activity requires agreed upon formats and standards by which computers can communicate to each other and transfer information back and forth. This exchange of information is defined as Electronic Data Interchange, or EDI. The Federal Government’s recent attempts to streamline Government and reduce costs have focused on the potential of Electronic Commerce to help in achieving these goals. A Brief History of EC, EDI and FACNET FACNET stands for the "Federal Acquisition Computer Network". It is "the Government wide Electronic Commerce/Electronic Data Interchange (EC/EDI) systems architecture for the acquisition of supplies and services that provides for electronic data interchange of acquisition information between the Government and the private sector, employs nationally and internationally recognized data formats, and provides universal user access." FACNET, simply stated, is the EDI standardized format by which the Federal Government will proceed in it’s quest to establish electronic commerce for Federal Government procurements. The groundwork for FACNET began with the National Performance Review, initiated on March 3, 1993. This six month intensive review of th...
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