What is average rate in SAP IS-MP-NF - Non-Ferrous Metal enhancements?

SAP Term: average rate

• Component: IS-MP-NF

• Component Name: Non-Ferrous Metal enhancements

• Description: A term used in non-ferrous metal processing to indicate the average price of a non-ferrous metal plus the procurement surcharge that is levied.

Smart SAP Assistant

• Key Concepts: 
  Average rate is a feature of the IS-MP-NF Non-Ferrous Metal enhancements in SAP. It allows users to define an average rate for a particular metal, which is then used to calculate the value of the metal in the system. This rate is based on the average of the current market prices for that metal. 
  
  How to use it: 
  To use the average rate feature, users must first define an average rate for a particular metal. This can be done in the system by entering the current market prices for that metal and then calculating the average rate. Once this is done, the system will use this rate to calculate the value of the metal in all transactions. 
  
  Tips & Tricks: 
  It is important to keep track of the current market prices for each metal, as this will ensure that the average rate is accurate and up-to-date. Additionally, users should be aware that any changes made to the average rate will affect all transactions involving that metal. 
  
  Related Information: 
  For more information on how to use the average rate feature in SAP, please refer to SAP Help documentation or contact your local SAP support team.