What is reference price routine in SAP CA-GTF-CPE - Commodity Pricing Engine?

SAP Term: reference price routine

• Component: CA-GTF-CPE

• Component Name: Commodity Pricing Engine

• Description: Defines the price that is referenced for the remaining quantity part.

Smart SAP Assistant

• Key Concepts: 
  Reference price routine is a feature of the Commodity Pricing Engine (CPE) component of SAP's Global Trade and Financial (GTF) module. It allows users to define a reference price for a particular commodity, which can then be used to calculate the price of that commodity in different currencies. The reference price routine also allows users to set up rules for how the reference price should be adjusted when the market conditions change. 
  
  How to use it: 
  The reference price routine can be used to set up a reference price for a particular commodity. This reference price can then be used to calculate the price of that commodity in different currencies. The user can also set up rules for how the reference price should be adjusted when the market conditions change. 
  
  Tips & Tricks: 
  When setting up the reference price routine, it is important to consider the current market conditions and any potential changes that may occur in the future. This will help ensure that the reference price is accurate and up-to-date. Additionally, it is important to consider any taxes or fees that may apply when calculating the reference price. 
  
  Related Information: 
  For more information on setting up and using the reference price routine, please refer to SAP's documentation on Commodity Pricing Engine (CPE). Additionally, there are several online resources available that provide more detailed information on setting up and using the CPE component of SAP's Global Trade and Financial (GTF) module.