What is reference interval in SAP IS-U-FPC - Formula-Based Price Calculation?

SAP Term: reference interval

• Component: IS-U-FPC

• Component Name: Formula-Based Price Calculation

• Description: The interval lenght used for determining the average price in a pricing rule. 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 of one month and that this price will apply for three months. The reference interval of this pricing rule is six months.

Smart SAP Assistant

• Key Concepts: 
  Reference Interval is a feature of the Formula-Based Price Calculation (FPC) component of SAP IS-U. It allows users to define a range of values for a particular pricing element, such as a price or discount, and then apply the same range of values to multiple customers. This helps to reduce the amount of time spent manually entering prices for each customer. 
  
  How to use it: 
  To use the Reference Interval feature, users must first define the range of values they want to apply. This can be done by entering a start and end value for the interval, or by entering a percentage increase or decrease from the start value. Once the range is defined, users can then assign it to multiple customers by selecting them from a list. 
  
  Tips & Tricks: 
  When defining the range of values for the Reference Interval, it is important to consider how it will affect each customer’s pricing. For example, if the start value is set too low, customers may be charged too little for their services. On the other hand, if the end value is set too high, customers may be charged too much. 
  
  Related Information: 
  For more information on using the Reference Interval feature in SAP IS-U FPC, please refer to SAP Help documentation or contact your local SAP support team.