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

SAP Term: forward value

• Component: IS-U-FPC

• Component Name: Formula-Based Price Calculation

• Description: A predicted price index value that is set for a defined date and time. A forward value is dependent on the point in time when it is set, which is referred to as the price key date. The price can be set again for the same date and time and a new price key date. Forward values are used to make price forecasts.

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• Key Concepts: 
  Forward value is a feature of the IS-U-FPC Formula-Based Price Calculation component of SAP. It allows users to calculate the future value of a given item based on a set of predetermined parameters. This feature is useful for forecasting future prices and making decisions based on those predictions. 
  
  How to use it: 
  To use the forward value feature, users must first define the parameters they wish to use for their calculations. These parameters can include the current price, expected rate of inflation, expected rate of growth, and any other factors that may affect the future value of the item. Once these parameters have been defined, users can then enter them into the forward value calculator to generate an estimate of the future value. 
  
  Tips & Tricks: 
  When using the forward value calculator, it is important to ensure that all parameters are accurate and up-to-date. This will help ensure that the results are as accurate as possible. Additionally, users should consider running multiple scenarios with different parameters to get a better understanding of how different factors may affect the future value of an item. 
  
  Related Information: 
  For more information about the IS-U-FPC Formula-Based Price Calculation component of SAP, please visit https://help.sap.com/viewer/product/ISU_FPC/1H2020/en-US.