EIDX Pre-Order Model 4
Meet Competition Quote Process, Version 1.0
Allows a buyer to request pricing from component supplier that meets or is lower than the supplier's competitor's pricing. The component supplier can respond with an approval or a denial of the request. If approved, the component supplier establishes an effective date and expiration date for the authorization. This type of quote process is typically takes place between electronic components distributors and their suppliers, but an end-customer may also request that a supplier meet its competitor's pricing. EIDX does not make a recommendation about whether this is an appropriate business practice. However, the process is common, and EIDX documents such business processes in order to make recommendations for executing business processes consistently across trading partners.

Click here to view a larger image.

Step	Description
1.	The buyer sends a request for quote asking that a supplier quote a price that is equal to or better than the pricing being offered to the distributor by the supplier's competitor. The buyer may optionally identify the competitor and the competitor's price. If the component supplier responds with a bid, it may be only for a certain time period and specify effective and expiration dates.
2 - 5.	The graphic above contains a representative scenario. See index for links to adjacent models and scenarios using this model.