What is calculated index value in SAP IS-U-FPC - Formula-Based Price Calculation?

SAP Term: calculated index value

• Component: IS-U-FPC

• Component Name: Formula-Based Price Calculation

• Description: A value that is calculated using a calculated index definition and the basic index values defined in the system. A calculated index value can be entered in the system or calculated online as necessary.

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• Key Concepts: 
  Calculated index value is a feature of the SAP IS-U-FPC Formula-Based Price Calculation component. It is a numerical value that is calculated based on a formula and used to determine the price of a product or service. The formula used to calculate the index value can be customized to meet the specific needs of an organization. 
  
  How to use it: 
  The calculated index value is used in the SAP IS-U-FPC Formula-Based Price Calculation component to determine the price of a product or service. The formula used to calculate the index value can be customized to meet the specific needs of an organization. The index value can then be used in conjunction with other factors, such as customer type, location, and usage, to determine the final price of a product or service. 
  
  Tips & Tricks: 
  When customizing the formula used to calculate the index value, it is important to consider all relevant factors that may affect the price of a product or service. Additionally, it is important to ensure that the formula is accurate and up-to-date in order to ensure that the calculated index value is accurate and reflects current market conditions. 
  
  Related Information: 
  The SAP IS-U-FPC Formula-Based Price Calculation component also includes features such as price lists, discounts, and surcharges which can be used in conjunction with the calculated index value to determine the final price of a product or service. Additionally, SAP provides documentation and tutorials on how to customize and use the Formula-Based Price Calculation component.