What is 'no price' in SAP LO-AGR-CC - Commodity Contracts, Expenses, Basic Functions?

no price - Overview

• Component: LO-AGR-CC

• Component Name: Commodity Contracts, Expenses, Basic Functions

• Description: A scenario where neither the futures component nor the basis component of a commodity price is established. Can apply to a contract or to a pricing lot.

no price - Details

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  Key Concepts: 
  No price is a feature of the LO-AGR-CC Commodity Contracts, Expenses, Basic Functions component of SAP. It allows users to enter a contract without entering a price. This is useful when the price of the contract is not known at the time of entry. 
  
  How to use it: 
  To use no price, users must first enter the contract in SAP. When entering the contract, users should select “no price” as the pricing option. This will allow them to enter the contract without entering a price. 
  
  Tips & Tricks: 
  When using no price, it is important to remember to enter the price at a later date. If the price is not entered, the contract will remain in SAP without a price and will not be able to be processed. 
  
  Related Information: 
  No price is just one of many features available in the LO-AGR-CC Commodity Contracts, Expenses, Basic Functions component of SAP. Other features include contract pricing, contract settlement, and contract cancellation.