What is 'time pricing' in SAP IS-OIL-DS-SSR - Service Station Retailing?

time pricing - Overview

• Component: IS-OIL-DS-SSR

• Component Name: Service Station Retailing

• Description: Allows pricing based on the time of day in conjunction with the pricing date or with the day of the week.

time pricing - Details

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  Key Concepts: 
  Time pricing is a pricing strategy used in the IS-OIL-DS-SSR Service Station Retailing component of SAP. It allows customers to purchase fuel at different prices depending on the time of day. This helps to manage demand and optimize profits. 
  
  How to use it: 
  Time pricing can be set up in the SAP system by creating a time-based pricing schedule. This schedule can be used to define different prices for different times of the day. The system will then automatically apply the appropriate price when a customer purchases fuel. 
  
  Tips & Tricks: 
  When setting up time pricing, it is important to consider the demand for fuel at different times of the day. This will help to ensure that the prices are set at an optimal level. Additionally, it is important to monitor the performance of time pricing over time and adjust the schedule as needed. 
  
  Related Information: 
  Time pricing is just one of many pricing strategies that can be used in SAP. Other strategies include volume discounts, promotional discounts, and loyalty programs. Additionally, SAP offers a range of tools and features that can be used to manage pricing more effectively.