What is price detail level in SAP AP-RFQ - SRM RFQ Processing?

SAP Term: price detail level

• Component: AP-RFQ

• Component Name: SRM RFQ Processing

• Description: The level of detail for price information requested in a request for quote. A buyer can request, for example, simple prices or no price information.

Smart SAP Assistant

• Key Concepts: 
  Price detail level is a feature in SAP SRM RFQ Processing that allows users to define the level of detail for the prices they enter in a request for quotation (RFQ). This feature allows users to enter prices at different levels of detail, such as item, material group, or vendor. 
  
  How to use it: 
  To use the price detail level feature, users must first define the levels of detail they want to use. This can be done in the Customizing settings for SRM RFQ Processing. Once the levels of detail have been defined, users can enter prices at each level when creating an RFQ. 
  
  Tips & Tricks: 
  When defining the levels of detail for price entry, it is important to consider how much detail is necessary for each RFQ. Too much detail can make it difficult to manage and update prices, while too little detail can make it difficult to accurately compare different vendors’ offers. 
  
  Related Information: 
  For more information on using the price detail level feature in SAP SRM RFQ Processing, please refer to the SAP Help documentation.