What is 'net/net purchase price' in SAP IS-R - SAP for Retail?

net/net purchase price - Overview

• Component: IS-R

• Component Name: SAP for Retail

• Description: Retail Price which was calculated taking all the conditions relevant to Pricing taxes, delivery costs, cash discounts or miscellaneous provisions, for example into account. If all the conditions defined are relevant to Pricing, the net/net purchase price is equivalent to the effective price in Purchasing.

net/net purchase price - Details

• 
  Key Concepts: 
  Net/net purchase price is a term used in the IS-R SAP for Retail module. It is the total cost of goods purchased, minus any discounts or other deductions, such as taxes or shipping costs. This is the amount that the retailer pays for the goods. 
  
  How to use it: 
  Net/net purchase price is used to calculate the cost of goods purchased by a retailer. This information can be used to determine the profitability of a product or to compare prices between different suppliers. It can also be used to calculate the total cost of goods sold, which is important for inventory management and financial reporting. 
  
  Tips & Tricks: 
  When calculating net/net purchase price, it is important to include all deductions and discounts in order to get an accurate figure. Additionally, it is important to keep track of any changes in prices over time, as this can affect profitability and inventory management. 
  
  Related Information: 
  Net/net purchase price is related to other terms such as gross margin, cost of goods sold, and inventory turnover. Understanding these terms and how they relate to each other can help retailers better manage their finances and inventory.