What is base value in SAP IS-MP-NF - Non-Ferrous Metal enhancements?

SAP Term: base value

• Component: IS-MP-NF

• Component Name: Non-Ferrous Metal enhancements

• Description: A planned value of a non-ferrous metal that is determined in order to calculate prices on the basis of an assumed, long-term rate.

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• Key Concepts: 
  Base value is a term used in the IS-MP-NF Non-Ferrous Metal enhancements component of SAP. It is a value that is used to calculate the price of a metal based on its weight and the current market price. The base value is determined by taking the current market price and multiplying it by the weight of the metal. 
  
  How to use it: 
  The base value can be used to calculate the price of a metal in SAP. To do this, first enter the current market price of the metal into SAP. Then, enter the weight of the metal. Finally, multiply these two values together to get the base value. 
  
  Tips & Tricks: 
  When calculating the base value, make sure to use the most up-to-date market prices for accuracy. Additionally, it is important to ensure that you are using the correct weight for the metal being priced. 
  
  Related Information: 
  The base value can be used in conjunction with other pricing methods in SAP, such as cost plus pricing or fixed pricing. Additionally, it can be used to calculate other values such as profit margins or discounts.