What Does Universal Business Language Mean?
A universal business language (UBL) is a royalty free library of standard XML electronic business documents, first released in 2004. It promotes global use of e-commerce documents conforming to government regulations and specific industry criteria. It works among multiple domain service oriented architectures offering a simple way for businesses to compete in the international e-commerce community.
Techopedia Explains Universal Business Language
These documents and many others with added libraries support various business processes. Customers and suppliers are the two main key elements involved in the supply chain process. However, there are also supplementary roles provided by different parties.