What is Procurement Price Specification in SAP AP-PRC - CRM Pricing & Condition Technique?

SAP Term: Procurement Price Specification

• Component: AP-PRC

• Component Name: CRM Pricing & Condition Technique

• Description: The specification of a price, a discount, or a surcharge for procurement of goods or services. The specification is defined for a combination of property values and is valid for a specific period.

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• Key Concepts: 
  Procurement Price Specification is a component of the SAP CRM Pricing & Condition Technique. It is used to define the pricing conditions for goods and services that are procured from external vendors. This includes setting up the pricing conditions for each item, such as discounts, surcharges, and taxes. It also allows for the creation of different pricing scenarios for different vendors. 
  
  How to use it: 
  The Procurement Price Specification component can be used to set up the pricing conditions for goods and services that are procured from external vendors. This includes setting up the pricing conditions for each item, such as discounts, surcharges, and taxes. It also allows for the creation of different pricing scenarios for different vendors. The component can be accessed through the SAP CRM Pricing & Condition Technique menu. 
  
  Tips & Tricks: 
  When setting up the pricing conditions for goods and services that are procured from external vendors, it is important to ensure that all of the necessary information is included in the setup. This includes any discounts, surcharges, or taxes that may apply to the items being purchased. Additionally, it is important to create different pricing scenarios for different vendors in order to ensure that you are getting the best deal possible. 
  
  Related Information: 
  For more information on how to use the Procurement Price Specification component of SAP CRM Pricing & Condition Technique, please refer to SAP's official documentation on the topic. Additionally, there are many online resources available that provide tutorials and tips on how to use this component effectively.