What is an EDI 503 Pricing History?
The EDI 503 transaction set is bi-directional and can be used by a purchasing or selling party in the following ways:
- To request for past pricing information of an item
- To respond to a request for past pricing information.
The data contents and format of EDI 503 Pricing History are used for the electronic interchange of information. It is divided into various segments and data elements.
Workflow for the Exchange of an EDI 503 Pricing History
EDI 503 falls under the category of X12M Supply Chain transaction set. This bi-directional transaction set is used by a seller or a purchaser to request or respond to a query about pricing history of a commodity.
Stay EDI Compliant with EDIConnect
EDIConnect is an enterprise-grade EDI solution that simplifies the process of sending and receiving EDI messages. It is designed to handle X12, EDIFACT, and HL7 transaction sets through its built-in parser, validator, and transaction builder. It also offers features to help businesses comply with EDI requirements and communicate seamlessly with their trading partners.