What is tariff in SAP IS-PSI - SAP Convergent Pricing Simulation?

SAP Term: tariff

• Component: IS-PSI

• Component Name: SAP Convergent Pricing Simulation

• Description: An aggregation of one or more charge plans, whose default parameter and counter values can be overwritten and subsequently used during the simulation.

Smart SAP Assistant

• Key Concepts: 
  Tariff is a pricing model used in the IS-PSI SAP Convergent Pricing Simulation component. It is a pricing structure that allows customers to pay different prices for different services or products. Tariffs are typically based on usage, such as the number of minutes used in a phone call or the number of miles driven in a car. 
  
  How to use it: 
  The IS-PSI SAP Convergent Pricing Simulation component allows users to create and manage tariffs. This includes setting up different pricing structures for different services or products, as well as setting up discounts and promotions. The component also allows users to track usage and analyze customer behavior. 
  
  Tips & Tricks: 
  When creating tariffs, it is important to consider the customer’s needs and preferences. For example, if a customer is likely to use more of a certain service or product, it may be beneficial to offer them a discounted rate for that service or product. Additionally, it is important to consider the competitive landscape when setting up tariffs, as this can help ensure that customers are getting the best value for their money. 
  
  Related Information: 
  For more information on tariffs and how to use them in the IS-PSI SAP Convergent Pricing Simulation component, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tips and tricks for creating effective tariffs.