What is commodity pricing in SAP CRM-BF-CPE - Engine for Commodity Pricing in CRM?

SAP Term: commodity pricing

• Component: CRM-BF-CPE

• Component Name: Engine for Commodity Pricing in CRM

• Description: A calculation that uses price quotations, such as those from Platts, Reuters, and others to determine the price of a material.

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• Key Concepts: 
  Commodity pricing is a pricing strategy used by businesses to set prices for their products and services based on the current market value of the commodities used to produce them. The CRM-BF-CPE Engine for Commodity Pricing in CRM is a component of the SAP Customer Relationship Management (CRM) system that enables businesses to set prices for their products and services based on the current market value of the commodities used to produce them. 
  
  How to use it: 
  The CRM-BF-CPE Engine for Commodity Pricing in CRM can be used to set prices for products and services based on the current market value of the commodities used to produce them. The engine can be configured to automatically adjust prices based on changes in the market value of commodities, or it can be manually adjusted by users. 
  
  Tips & Tricks: 
  When using the CRM-BF-CPE Engine for Commodity Pricing in CRM, it is important to keep an eye on the market value of commodities and adjust prices accordingly. This will ensure that businesses are able to maximize their profits while still providing competitive prices for their products and services. 
  
  Related Information: 
  The CRM-BF-CPE Engine for Commodity Pricing in CRM is part of the SAP Customer Relationship Management (CRM) system, which provides businesses with a comprehensive suite of tools for managing customer relationships. Other components of the system include sales force automation, marketing automation, customer service, and analytics.