What is basic index cluster in SAP IS-U-FPC - Formula-Based Price Calculation?

SAP Term: basic index cluster

• Component: IS-U-FPC

• Component Name: Formula-Based Price Calculation

• Description: A grouping of basic index definitions, for example, all basic index definitions that refer to the same marketplace.

Smart SAP Assistant

• Key Concepts: 
  Basic index cluster is a component of the Formula-Based Price Calculation (FPC) module in SAP IS-U. It is used to store and manage the basic index values that are used in the FPC calculations. The basic index values are used to calculate the price of a product or service based on the current market conditions. 
  
  How to use it: 
  The basic index cluster is used to store and manage the basic index values that are used in the FPC calculations. The basic index values are used to calculate the price of a product or service based on the current market conditions. The basic index cluster can be accessed through the SAP IS-U menu and then selecting “Basic Index Cluster” from the list of available options. 
  
  Tips & Tricks: 
  When setting up a new basic index cluster, it is important to ensure that all of the necessary data is entered correctly. This includes entering the correct currency, date, and other relevant information. Additionally, it is important to ensure that all of the necessary fields are filled out correctly in order for the FPC calculations to be accurate. 
  
  Related Information: 
  For more information about setting up and using a basic index cluster, please refer to SAP’s official documentation on Formula-Based Price Calculation (FPC). Additionally, there are many online resources available that provide detailed instructions on how to set up and use a basic index cluster in SAP IS-U.