What is price point range in SAP IS-R - SAP for Retail?

SAP Term: price point range

• Component: IS-R

• Component Name: SAP for Retail

• Description: Retail Used in Pricing to define price points within a particular price range. Price point ranges are assigned to a price point group in which a rounding rule has been defined, according to which sales prices determined in the sales price calculation function are rounded either up or down. You can define the following for each price point range: a lower limit an upper limit an increment Price points for the price point range are determined by repeatedly adding the increment to the lower price point. &EXAMPLE& The following price point range could be defined for the price range 9.99 USD to 19.99 USD: Lower limit: 9.99 Upper limit: 19.99 Increment: 0.50 Adding the increment to the lower limit would create the following price points for this price point group: 9.99 USD; 10.49 USD; 10.99 USD; 11.49 USD, and so on.

Smart SAP Assistant

• Key Concepts: 
  Price Point Range is a feature of the IS-R SAP for Retail component. It allows retailers to set up a range of prices for different products, allowing them to adjust prices according to market conditions. This helps retailers to remain competitive and maximize profits. 
  
  How to use it: 
  Price Point Range can be used in a variety of ways. It can be used to set up different price points for different products, allowing retailers to adjust prices according to market conditions. It can also be used to set up discounts or promotions for certain products, helping retailers to attract more customers. 
  
  Tips & Tricks: 
  When setting up Price Point Range, it is important to consider the current market conditions and the target customer base. This will help ensure that the prices are competitive and attractive to customers. Additionally, it is important to monitor the prices regularly and adjust them as needed in order to remain competitive. 
  
  Related Information: 
  For more information on Price Point Range, please refer to the SAP Help Portal or contact your local SAP representative.