What is live rates planning element in SAP CRM-MKT - Marketing?

SAP Term: live rates planning element

• Component: CRM-MKT

• Component Name: Marketing

• Description: A subset of a live rates plan for defined planning combinations based on a specific responsibility assignment.

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• Key Concepts: 
  Live rates planning element is a component of the CRM-MKT Marketing Planning module in SAP. It allows users to plan and manage marketing campaigns with real-time pricing information. This helps to ensure that campaigns are cost-effective and that pricing is up-to-date. 
  
  How to use it: 
  Live rates planning element can be used to plan and manage marketing campaigns. It allows users to enter pricing information in real-time, which helps to ensure that campaigns are cost-effective and that pricing is up-to-date. The module also provides tools for budgeting, forecasting, and reporting. 
  
  Tips & Tricks: 
  When using live rates planning element, it is important to keep track of changes in pricing information. This will help ensure that campaigns are cost-effective and that pricing is up-to-date. Additionally, it is important to use the budgeting, forecasting, and reporting tools provided by the module to ensure that campaigns are successful. 
  
  Related Information: 
  For more information about live rates planning element, please refer to the SAP Help Portal or contact your SAP representative. Additionally, there are many online resources available for learning more about SAP CRM-MKT Marketing Planning.