What is price ending in SAP CRM-MKT-MPL-TPO - SAP Trade Promotion Optimization?

SAP Term: price ending

• Component: CRM-MKT-MPL-TPO

• Component Name: SAP Trade Promotion Optimization

• Description: A marketing practice based on the theory that certain prices have a psychological impact.

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• Key Concepts: 
  Price ending is a feature of SAP Trade Promotion Optimization (CRM-MKT-MPL-TPO) that allows users to set a specific end date for a promotional price. This feature helps users to plan and manage their promotional campaigns more effectively, as it allows them to set an end date for the promotional price and ensure that it is not extended beyond that date. 
  
  How to use it: 
  To use the price ending feature, users must first create a promotional campaign in SAP Trade Promotion Optimization. Once the campaign is created, users can set the end date for the promotional price by selecting the “Price Ending” option in the campaign settings. The end date can be set to any date in the future, and will be applied to all products included in the campaign. 
  
  Tips & Tricks: 
  It is important to note that once a promotional price has ended, it cannot be extended or changed. Therefore, it is important to plan ahead and set an appropriate end date for the promotional price. Additionally, users should ensure that they have sufficient time to promote their campaign before the end date, as this will help maximize its effectiveness. 
  
  Related Information: 
  For more information on SAP Trade Promotion Optimization and its features, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials and tips on how to use this software effectively.