What is location-specific pricing in SAP IS-OIL-DS-MAP - Marketing, Accounting and Pricing?

SAP Term: location-specific pricing

• Component: IS-OIL-DS-MAP

• Component Name: Marketing, Accounting and Pricing

• Description: Pricing based on the geographical location of the destination of a delivery, using a location code stored in the customer master Differential Reference Code. The Differential Reference Code allows prices, discounts and surcharges to be calculated based on the location to which goods are to be delivered.

Smart SAP Assistant

• Key Concepts: 
  Location-specific pricing is a feature of the IS-OIL-DS-MAP Marketing, Accounting and Pricing component of SAP. It allows companies to set different prices for their products and services based on the location of the customer. This helps companies to better manage their pricing strategies and maximize their profits. 
  
  How to use it: 
  To use location-specific pricing, companies must first define the different locations where they will be selling their products and services. They can then set different prices for each location based on factors such as local market conditions, competition, and customer demand. Once the prices have been set, they can be applied to orders placed by customers in those locations. 
  
  Tips & Tricks: 
  When setting location-specific prices, it is important to consider the impact that changes in prices may have on customer loyalty. Companies should also keep an eye on their competitors’ pricing strategies to ensure that they remain competitive in each location. 
  
  Related Information: 
  Location-specific pricing is just one of the many features available in the IS-OIL-DS-MAP Marketing, Accounting and Pricing component of SAP. Other features include product bundling, discounting, and promotions management. Companies can also use SAP’s analytics tools to gain insights into customer behavior and optimize their pricing strategies.