What is market-basket price calculation in SAP IS-R - SAP for Retail?

SAP Term: market-basket price calculation

• Component: IS-R

• Component Name: SAP for Retail

• Description: Retail Function in Pricing that allows you to calculate sales prices for a range of materials and sites, taking into account certain aggregated key figures for those materials and sites sales quantity, sales, gross revenue, and so on.

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• Key Concepts: 
  Market-basket price calculation is a feature of the IS-R SAP for Retail component. It allows retailers to calculate the total price of a basket of items based on the individual prices of each item. This helps retailers to quickly and accurately determine the total cost of a customer’s purchase. 
  
  How to use it: 
  To use market-basket price calculation, retailers must first enter the individual prices of each item in the basket into the system. The system will then calculate the total cost of the basket based on these prices. The retailer can then provide this information to the customer. 
  
  Tips & Tricks: 
  When using market-basket price calculation, it is important to ensure that all items in the basket are entered correctly into the system. This will ensure that the total cost is calculated accurately. Additionally, retailers should double-check that all discounts and promotions are applied correctly before providing the customer with their total cost. 
  
  Related Information: 
  Market-basket price calculation is just one of many features available in IS-R SAP for Retail. Other features include inventory management, customer loyalty programs, and point-of-sale systems. All of these features can help retailers to better manage their business and provide customers with a better shopping experience.