Comparing across borders

Quotes from different places need restating before they compare.

When suppliers sit in different places, the figures on the page differ in more than amount: the currency, who pays which charge, how payment is arranged and what evidence of conformity comes with the offer. This guide covers only the differences that appear because suppliers are in different places. Putting any set of quotes on one basis is the job of a comparison matrix and is not repeated here.

CurrencyWho pays whatPayment arrangementConformity evidence
The decision question

Which differences come from where the supplier sits, and which from how the quote was written?

A lower number can reflect another currency convention, a charge left to you, or an assumption about payment, not a better offer. Sort each difference into one of those before you compare the amounts.

Where a term cannot be settled from the documents, put a closed question to the supplier rather than guessing.

Differences that remain after you have asked

Differences that remain after you have asked

Currency exposure

Two suppliers quoting in different currencies carry different movement risk for you; note it.

Information quality

A thorough reply and a thin one are different signals about how the relationship will work.

Onward delivery

Onward delivery is outside a quote comparison. Shipping is a separate LATYNEX service.

Where the general method lives

Where the general method lives

One basis for any set of quotes

Units, quantity steps, validity and inclusions are aligned the same way whatever the countries. The comparison matrix page shows the layout, and LATYNEX's RFQ comparison produces it from the quotes you hold, with gaps flagged and assumptions written out.

Step by step

Four questions to put to each foreign quote

01

In which currency, and as of which date?

Write down the rate source and date you use for any conversion, and keep the original currency visible beside it.

02

Who pays which charge?

Bank charges and any taxes the quote mentions may fall to different parties. Mark what is yours and what the quote does not state.

03

How is payment arranged?

Advance payment, part payment and payment after delivery change the value of the same number. Record the arrangement beside the price.

04

What evidence of conformity comes with it?

Documents offered can differ in kind between suppliers. Compare which evidence exists and check each item with its issuer.

Good to know

What this is, and isn't

Research reports what can be established from public and provided sources. It is not a guarantee about a counterparty's future conduct and not legal advice.

FAQ

Frequently asked questions

Should I convert everything to my own currency?+

Convert to one reference for comparison, but keep the original figures so the conversion can be checked.

Is the lowest figure the winner?+

Not by itself. It is one criterion among those on your sheet.

What if a supplier will not clarify a term?+

Record it as unavailable and weigh that in the comparison.

Request

Tell us what you need.

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Research

Know the counterparty before you commit.

Tell us what you need to find out and by when. We confirm scope before any work starts.

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