EDI 879: Price Information
EDI 879 Definition
The EDI 879 transaction set is used to communicate price information, including price changes, updates, or confirmations, between trading partners. This document is crucial for suppliers and buyers in various industries to ensure that both parties have up-to-date pricing information. It can be used to notify a trading partner of new prices, changes to existing prices, or to confirm prices that were previously negotiated or quoted.
What is EDI 879 Used for?
Suppliers use the EDI 879 to communicate price information to their customers, ensuring that buyers have the latest pricing data for ordering and procurement processes. Buyers can use this information to update their purchasing systems, negotiate prices, or make informed buying decisions based on current price levels.
Key Elements of EDI 879
An EDI 879 document typically includes key elements to effectively convey price information:
- Transaction Set Header and Trailer: Marks the beginning and end of the EDI 879 document, encapsulating the price information details.
- Price List Start and End Dates: Information about the effective dates for the price list or price changes being communicated.
- Item Identification: Details about each item for which price information is being provided, including item numbers, descriptions, and relevant product codes.
- Pricing Information: Specific details about the pricing of items, including the unit price, currency, and any conditions or terms related to the price.
- Reference Information: Additional references that may be necessary for understanding the context of the price information, such as related contract numbers or quotation references.
Benefits of EDI 879
Utilizing the EDI 879 document offers several advantages:
- Accuracy: Ensures that both suppliers and buyers have accurate and current pricing information, reducing the risk of billing discrepancies.
- Efficiency: Streamlines the process of communicating price changes, saving time and reducing the need for manual price list updates.
- Improved Negotiations: Provides a basis for pricing negotiations and helps in managing procurement costs more effectively.
- Enhanced Relationship Management: Facilitates transparent communication about pricing, contributing to stronger and more collaborative supplier-buyer relationships.
EDI 879 Document Example
Here’s a simplified example of what an EDI 879 might look like in raw data format:
ST*879*0001
G93*20241130*20241231
LIN*1*VP*1001*PD*Widget A
CTP*WH*USD*10.00*1*CA
LIN*2*VP*1002*PD*Widget B
CTP*WH*USD*15.00*1*CA
CTT*2
SE*7*0001
Guide to EDI 879 Terms and Elements:
- ST (Transaction Set Header): Initiates the EDI 879 document, identified by a unique control number.
- G93 (Price List Start and End Dates): Indicates the effective dates for the price information being communicated.
- LIN (Item Identification): Identifies each item for which price information is provided, including item numbers and descriptions.
- CTP (Pricing Information): Details the pricing for each item, including the unit price, currency, and unit of measure.
- CTT (Transaction Totals): Summarizes the total number of items for which price information is provided in the document.
- SE (Transaction Set Trailer): Concludes the EDI 879 document, ensuring completeness and accuracy.
This example is designed to give a basic understanding of how an EDI 879 document might look, including the types of information it conveys. Remember, the actual implementation might vary based on specific business needs and partnerships.
Enhance Your Price Information Acknowledgment with Comparatio®
Ready to improve your price management and communication with EDI 879? Contact Comparatio® today to discover how our EDI solutions can streamline your process for acknowledging price information, ensure accuracy in pricing adjustments, and enhance collaboration with trading partners for more effective price strategy implementation.
