What is negotiation in SAP CRM-MKT - Marketing?

SAP Term: negotiation

• Component: CRM-MKT

• Component Name: Marketing

• Description: TPM process: Negotiation usually annual negotiations with customers or retailers to predetermine sales and promotions in detail.

Smart SAP Assistant

• Key Concepts: 
  Negotiation in SAP CRM-MKT Marketing is the process of reaching an agreement between two or more parties. It involves discussing and exchanging information to come to a mutually beneficial outcome. Negotiations can be used to reach agreements on pricing, terms, and conditions of a sale or purchase. 
  
  How to use it: 
  In SAP CRM-MKT Marketing, negotiations are initiated by creating a negotiation request. This request contains the details of the negotiation, such as the parties involved, the items being negotiated, and any other relevant information. Once the negotiation request is created, it can be sent to the other party for review. The other party can then accept or reject the request, or propose changes to it. Once both parties have agreed on the terms of the negotiation, they can finalize the agreement. 
  
  Tips & Tricks: 
  When negotiating in SAP CRM-MKT Marketing, it is important to be clear and concise about what you are asking for and what you are willing to give in return. It is also important to be open to compromise and be willing to make concessions if necessary. Additionally, it is important to keep track of all negotiations and agreements in order to ensure that both parties are held accountable for their commitments. 
  
  Related Information: 
  For more information on negotiating in SAP CRM-MKT Marketing, please refer to the official SAP documentation on negotiation requests and agreements. Additionally, there are many online resources available that provide tips and advice on how to effectively negotiate in SAP CRM-MKT Marketing.