What is price validity in SAP IS-U-FPC - Formula-Based Price Calculation?

SAP Term: price validity

• Component: IS-U-FPC

• Component Name: Formula-Based Price Calculation

• Description: The time frame for which a price is to apply. For example the pricing rule HEL 6/1/3 specifies that the price will be based on the average price for six months in the past with an offset time lag of one month and that this price will apply for three months. Thus, the price based on this pricing rule is three months.

Smart SAP Assistant

• Key Concepts: 
  Price validity is a feature of the IS-U-FPC Formula-Based Price Calculation component of SAP. It allows users to define the validity period of a price, which is the period of time during which the price is valid. This feature helps users to manage their pricing more effectively and efficiently.
  
  How to use it: 
  To use the price validity feature, users must first define the validity period for each price. This can be done by setting a start date and an end date for each price. Once the validity period has been set, users can then assign the prices to customers or products as needed. 
  
  Tips & Tricks: 
  When setting up the validity period for a price, it is important to ensure that the start date is before the end date. This will ensure that the price is valid for the entire period specified. Additionally, it is important to remember that prices can be changed at any time during their validity period. 
  
  Related Information: 
  For more information on using the price validity feature in SAP, please refer to the official SAP documentation on IS-U-FPC Formula-Based Price Calculation. Additionally, there are many online resources available that provide helpful tips and tricks for using this feature.