What is price reference plant in SAP IS-OIL-DS-EXG - Exchanges?

SAP Term: price reference plant

• Component: IS-OIL-DS-EXG

• Component Name: Exchanges

• Description: For 'pure exchange plants' with no physical inventory, the reference plant can be used for valuation purposes to find a fair material value. In this case the 'meaningful' price of the material in the reference plant replaces the actual material price in the 'pure exchange plant' during a goods receipt.

Smart SAP Assistant

• Key Concepts: 
  Price reference plant is a component of the IS-OIL-DS-EXG Exchanges module in SAP. It is used to define the reference plant for pricing in the exchange process. This reference plant is used to determine the price of the exchange product and to calculate the exchange rate between two plants. 
  
  How to use it: 
  The price reference plant is set up in the Exchange Master Data (EMD) screen. The reference plant is selected from a list of available plants and then assigned to the exchange process. The exchange rate between two plants is then calculated based on the price of the exchange product at the reference plant. 
  
  Tips & Tricks: 
  When setting up a price reference plant, it is important to ensure that the correct plant is selected. This will ensure that the correct exchange rate is calculated and that the exchange process runs smoothly. 
  
  Related Information: 
  For more information on setting up a price reference plant, please refer to SAP Help documentation or contact your local SAP support team.