What is buyback program in SAP CRM-IU-DSM - Demand Side Management?

SAP Term: buyback program

• Component: CRM-IU-DSM

• Component Name: Demand Side Management

• Description: An energy-efficiency program in which incentives are offered to encourage customers to upgrade outdated equipment or appliances for newer, energy-efficient models. &EXAMPLE& In a refrigerator buyback program, a utility company can offer a cash incentive and free removal to "buy back" a customer's old refrigerator upon purchase of an energy-efficient model.

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• Key Concepts: 
  A buyback program is a type of demand side management (DSM) program offered by SAP. It is designed to help customers reduce their energy consumption by providing incentives for them to purchase energy-efficient products. The program works by offering customers a rebate or other incentive when they purchase an energy-efficient product. The rebate is then used to offset the cost of the product, making it more affordable for the customer. 
  
  How to use it: 
  In order to use a buyback program, customers must first register with SAP and provide information about their energy usage and energy-efficiency goals. Once registered, customers can then select an eligible product from the list of products available through the program. Customers can then submit their purchase information to SAP and receive a rebate or other incentive for their purchase. 
  
  Tips & Tricks: 
  When selecting an eligible product for a buyback program, it is important to consider the energy efficiency rating of the product as well as its cost. It is also important to consider any additional incentives that may be available through the program, such as free installation or extended warranties. 
  
  Related Information: 
  SAP offers a variety of other demand side management programs in addition to buyback programs. These include energy efficiency programs, renewable energy programs, and demand response programs. For more information about these programs, please visit SAP’s website.