What is average retail in SAP IS-R - SAP for Retail?

SAP Term: average retail

• Component: IS-R

• Component Name: SAP for Retail

• Description: Retail Key figure used to convert from value-based planning to quantity-based planning. The key figure defines the average price on an aggregation level. A time interval is required to calculate average retail. The currency unit is the entry currency. The unit of measure is defined by the user.

Smart SAP Assistant

• Key Concepts: 
  Average retail is a term used in the IS-R SAP for Retail component. It is a calculation of the average price of a product over a certain period of time. This calculation is used to determine the pricing of products in the retail industry. 
  
  How to use it: 
  Average retail can be used to determine the pricing of products in the retail industry. It is calculated by taking the total sales of a product over a certain period of time and dividing it by the total number of units sold during that same period. This calculation can be used to set prices for products in order to maximize profits and ensure competitive pricing. 
  
  Tips & Tricks: 
  When calculating average retail, it is important to consider factors such as seasonality, market trends, and customer demand. Additionally, it is important to keep track of changes in pricing over time in order to ensure that prices remain competitive and profitable. 
  
  Related Information: 
  Average retail is closely related to other pricing strategies such as cost-plus pricing and market-based pricing. Additionally, it is important to consider other factors such as customer loyalty and brand recognition when setting prices for products.