What is influencing factor in SAP IS-R - SAP for Retail?

SAP Term: influencing factor

• Component: IS-R

• Component Name: SAP for Retail

• Description: Retail Factor that varies over time and that influences the growth of the key figure that is to be forecast within the aggregated long-term forecast. The definition level of an influencing factor does not have to be identical to the forecast level.

Smart SAP Assistant

• Key Concepts: 
  Influencing factors are used in the IS-R SAP for Retail component to determine the pricing of goods and services. They are used to adjust the price of a product or service based on certain criteria, such as the customer's location, the time of day, or the quantity purchased. 
  
  How to use it: 
  In order to use influencing factors, you must first define them in the system. This can be done by creating a new influencing factor in the system and assigning it a value. Once this is done, you can then assign this influencing factor to a product or service. When a customer purchases this product or service, the system will automatically adjust the price based on the value of the influencing factor. 
  
  Tips & Tricks: 
  When creating influencing factors, it is important to consider how they will affect pricing. For example, if you create an influencing factor that increases prices during peak hours, customers may be less likely to purchase during those times. It is also important to consider how different influencing factors interact with each other. For example, if you have two influencing factors that both increase prices, they may cancel each other out if they are assigned to the same product or service. 
  
  Related Information: 
  For more information on how to use influencing factors in IS-R SAP for Retail, please refer to SAP's official documentation on the topic. Additionally, there are many online tutorials and videos available that provide step-by-step instructions on how to set up and use influencing factors in IS-R SAP for Retail.