Standardization is applied within all kinds of level within industries. Standardizations in production processes, but also within IT, for example interfaces (EDI, ODBC, …) and coding languages (SQL, XML, …). And why? Because standardization leads to cost reduction, increased flexibility and improved responsiveness and quality. The question arises what the benefits would be for organisations using a standard form of business communication for the (management) information. Cost Reduction through Standardization “Standardization can lead to lower transaction costs in the […]