What is price source in SAP CRM-IU - Utilities Industry?

SAP Term: price source

• Component: CRM-IU

• Component Name: Utilities Industry

• Description: Function that determines the origin of the price and transfers the prices determined to price components. Potential price sources are simulations in the SAP ERP System, price configuration tools in the SAP CRM System, BRFplus rules, and competitor products.

Smart SAP Assistant

• Key Concepts: 
  Price source is a feature in the CRM-IU Utilities Industry component of SAP software. It allows users to define and maintain different pricing sources for different products and services. This feature helps to ensure that the correct pricing is applied to each product or service. 
  
  How to use it: 
  To use the price source feature, users must first define the different pricing sources they wish to use. This can be done by creating a new pricing source or by selecting an existing one. Once the pricing sources have been defined, users can then assign them to specific products or services. This will ensure that the correct pricing is applied when the product or service is purchased. 
  
  Tips & Tricks: 
  When creating a new pricing source, it is important to ensure that all of the necessary information is included. This includes the name of the source, any applicable discounts, and any other relevant details. Additionally, it is important to keep track of all of the different pricing sources that have been created, as this will help ensure that the correct pricing is applied when needed. 
  
  Related Information: 
  The price source feature in SAP software can be used in conjunction with other features such as discounts and promotions. Additionally, it can be used to create custom pricing structures for specific customers or products. For more information on how to use this feature, please refer to the SAP documentation.