What is 'reduced-from price' in SAP IS-R - SAP for Retail?

reduced-from price - Overview

• Component: IS-R

• Component Name: SAP for Retail

• Description: Retail Manual price change made without reprinting a ticket.

reduced-from price - Details

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  Key Concepts: 
  Reduced-from price is a pricing strategy used in SAP for Retail (IS-R) that allows retailers to set a reduced price for an item that is lower than the original price. This type of pricing is often used to promote sales and attract customers. 
  
  How to use it: 
  In SAP for Retail, reduced-from prices can be set up in the pricing procedure. The pricing procedure is a set of rules that determine how prices are calculated. To set up a reduced-from price, the retailer must enter the original price and the reduced price in the pricing procedure. The system will then calculate the difference between the two prices and apply it to the item when it is sold. 
  
  Tips & Tricks: 
  When setting up a reduced-from price, it is important to consider how long the promotion will last and how much of a discount should be offered. It is also important to consider how this type of pricing will affect other items in the store, as it may lead to customers buying more items than they would have otherwise. 
  
  Related Information: 
  Reduced-from prices are just one type of pricing strategy that can be used in SAP for Retail. Other strategies include discounts, promotions, and special offers. It is important to consider all of these strategies when setting up a pricing procedure in order to