What is calculation rule in SAP FS-PRO - SAP Product Management?

SAP Term: calculation rule

• Component: FS-PRO

• Component Name: SAP Product Management

• Description: A rule that automatically performs a calculation to determine the value of a field each time the screen is processed using inputs and input ranges that are defined in Rule Painter.

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• Key Concepts: 
  A calculation rule is a feature of the FS-PRO SAP Product Management component that allows users to define and manage calculations for product data. It enables users to define the parameters of a calculation, such as the type of calculation, the data sources, and the output format. The calculation rule can then be used to automatically calculate values for product data fields.
  
  How to use it: 
  To use a calculation rule, users must first define the parameters of the calculation. This includes selecting the type of calculation (e.g., addition, subtraction, multiplication, etc.), selecting the data sources (e.g., product attributes, customer data, etc.), and defining the output format (e.g., text, number, etc.). Once these parameters are defined, users can then create a calculation rule and apply it to product data fields.
  
  Tips & Tricks: 
  When creating a calculation rule, it is important to ensure that all of the parameters are correctly defined. This will ensure that the calculation is performed accurately and efficiently. Additionally, it is important to test the calculation rule before applying it to product data fields to ensure that it produces the desired results.
  
  Related Information: 
  The FS-PRO SAP Product Management component also includes features such as product lifecycle management and pricing management that can be used in conjunction with calculation rules. Additionally, there are several third-party tools available that can be used to create and manage calculation rules for SAP products.