EDI 879 Price Information

EDI 879 provides accurate and consistent pricing across all parts of the supply chain, increasing profits while minimizing errors. This study program will familiarize you with the EDI 879 transaction sets.

What is an EDI 879?

The EDI 879 transaction set, also known as the Price Information document, is used for communicating pricing details between trading partners. Here is the collapse of the most important aspects:

• Price Updates: Suppliers send EDI 879 to buyers to disseminate new or updated product prices.
• Price Information: EDI 879 has detailed price information, including basic price, discount and price status.
• Price Management: Buyers use EDI 879 to update their prices and ensure accurate prices for sales and buying activities.

What are the Key Elements of EDI 879?

The EDI 879 Price Information, typically includes the following essential components.

• Product Information: Item numbers, descriptions, and UPC codes.
• Price Information: Base prices, discounts, allowance and price conditions.
• Effective Dates: Start and complete dates for price information.
• Geographical prices: Price information for specific geographical regions.

How is EDI 879 Price Information used?

EDI 879 facilitates the exchange of pricing details between trading partners. When a manufacturer, supplier, broker, or agent needs to update a retailer or reseller with new or adjusted product prices, they create an EDI 879 transaction.

The structure of this document encompasses the necessary elements, product identifiers, types of pricing, and effective dates amid these. The EDI 879 is sent electronically through the EDI network, with no paper between people, thus reducing errors. The consumer at this point can also input this pricing data into its set of systems to ensure that the most current prices are also available for decision-making and order processing.

Benefits of EDI 879

Accurate price information is important for both suppliers and dealers:

• Vendor perspective:Price updates on time prevent disputes, delays in payment and maintain positive business conditions.
• Retailer perspective:Proper price information ensures profitability, prevents price errors and maintains customer satisfaction.

Both sides receive great advantage from EDI 879 by efficient and accurate exchange of plant data.

EDI 879 Format

This is a simplified example to illustrate the basic structure of an EDI 879.

Example of EDI 879 Structure:

ST*879*0001*000001

BGN*879*SUPPLIER123*20230405

DTM*003*20230405

REF*ZZ*PRICEUPDATE123

LIN*1*UPC123456789012*10.99

CTP*1*PR*EA

SE*1*000000001

Explanation of the Segments:

ST: Start of transaction set

BGN: Beginning of message

DTM: Date/time reference

REF: Reference identification

LIN: Item information

CTP: Pricing information

SE: End of transaction set

Key Information:

Price update date: 2023-04-05

Product: UPC 123456789012

Price: $10.99 per unit (EA)

This is a very basic example. Actual EDI 879 documents can include additional segments for product descriptions, price breaks, discounts, effective dates, and other pricing details.

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