What is pricing procedure in SAP IS-M-AM - Advertising Management?

SAP Term: pricing procedure

• Component: IS-M-AM

• Component Name: Advertising Management

• Description: A rule type for pricing. The pricing procedure defines the conditions permitted for a document and the sequence in which the system takes these conditions into account during pricing. A standard pricing procedure is defined in the standard SAP system. It contains conditions most commonly used. These include material prices, discounts, and surcharges, such as freight, or tax.

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• Key Concepts: 
  Pricing procedure is a set of rules used to determine the pricing of goods and services in SAP IS-M-AM Advertising Management. It is used to define the pricing conditions, such as discounts, taxes, and surcharges, that will be applied to a particular transaction. The pricing procedure also determines the sequence in which these conditions are applied. 
  
  How to use it: 
  In SAP IS-M-AM Advertising Management, the pricing procedure is set up in the system configuration. The user can define the pricing conditions and the sequence in which they will be applied. The user can also define any discounts or surcharges that will be applied to the transaction. Once the pricing procedure is set up, it can be used for all transactions within the system. 
  
  Tips & Tricks: 
  When setting up a pricing procedure in SAP IS-M-AM Advertising Management, it is important to ensure that all of the conditions are correctly defined and that they are applied in the correct sequence. This will ensure that all transactions are priced accurately and that any discounts or surcharges are correctly applied. 
  
  Related Information: 
  For more information on setting up a pricing procedure in SAP IS-M-AM Advertising Management, please refer to the official SAP documentation.