What is adjusted GRI in SAP (IS-OIL - SAP for Oil & Gas)?

SAP Term: adjusted GRI

• Component: IS-OIL

• Component Name: SAP for Oil & Gas

• Description: Industry Solution Oil Represents an owner's take decimal for a production month, which is the owner's share of total sales or estimated sales. In many cases, this will be the same as the owners GRI. However, it can be different due to makeup of over/shorts, banked gas, and others.

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• Key Concepts:
  Adjusted GRI (also known as Adjusted Gross Revenue Index) is a pricing mechanism used in the IS-OIL SAP for Oil & Gas industry. It is used to calculate the price of oil and gas products based on the market conditions. The Adjusted GRI takes into account the cost of production, transportation, storage, and other factors that affect the price of oil and gas products. 
  
  How to use it:
  The Adjusted GRI is calculated by taking into account the cost of production, transportation, storage, and other factors that affect the price of oil and gas products. The Adjusted GRI is then used to determine the price of oil and gas products. This pricing mechanism is used by oil and gas companies to ensure that they are able to make a profit while still providing competitive prices for their customers. 
  
  Tips & Tricks:
  When calculating the Adjusted GRI, it is important to take into account all of the factors that can affect the price of oil and gas products. This includes production costs, transportation costs, storage costs, taxes, and other factors. It is also important to consider any changes in market conditions that could affect the price of oil and gas products. 
  
  Related Information:
  The Adjusted GRI is an important pricing mechanism used in the IS-OIL SAP for Oil & Gas industry. It is used to ensure that oil and gas companies are able to make a profit while still providing competitive prices for their customers. Understanding how this pricing mechanism works can help companies make informed decisions about their pricing strategies.