MeetComp™
The
MeetComp™ system was has been in development for 2 years and is in full operation at this time.
The MeetComp™ system is an online tool used to track competitive pricing on various product models
and types. The MeetComp™ service is fully maintained by Compudigital Industries and leased to
manufacturers.
Using the MeetComp™ tool, the manufacturer enters their own product information and
pricing detail into our pricing database. As the market pricing continues to change, the people responsible for product pricing go to the WEB
and research competitive product pricing for similar models manufactured by others. A representative from the manufacturer is usually the
interface between the manufacturer and the eventual distributor or seller. As distributors communicate with the manufacturer’s
representative, current pricing information is discussed, often with a request to drop the pricing because competitive models are available
for less. As these price change requests arise, the manufacturer’s representative enters a MeetComp request using the Online Tool. The
MeetComp™ system then systematically obtains automated pricing approvals to adjust pricing to meet
the competition, thus the name MeetComp™.
The
term MeetComp™ is a word used by many manufacturers to indicate a process by where pricing is
adjusted to meet the pricing of the competition. The MeetComp™ system assists manufacturers in
becoming Sarbanes Oxley compliant in reference to price adjustment data tracking. All MeetComp™
requests are tracked and available to your audit staff using extensive and detailed reporting.
The
eventual goal of the MeetComp™ system will be to utilize our technology not only for automated
approval process but to have the system obtain pricing information from competitors automatically via the internet in real
time.
All intellectual property rights to the MeetComp™ tool have been retained by Compudigital. Compudigital has applied for a
trademark on the name MeetComp™
Copyright (c) 2006-2007 Compudigital Industries
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