What is pricing lot in SAP LO-AGR-CC - Commodity Contracts, Expenses, Basic Functions?

SAP Term: pricing lot

• Component: LO-AGR-CC

• Component Name: Commodity Contracts, Expenses, Basic Functions

• Description: A combination of pricing aspect and quantity, within a commodity item, for which a price has been established for one or more of the pricing aspect’s conditions for example, futures, basis, ratio. There may be multiple pricing lots for a given pricing aspect and and commodity item.

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• Key Concepts: 
  Pricing lot is a term used in the LO-AGR-CC Commodity Contracts, Expenses, Basic Functions component of SAP. It is a unit of measure used to determine the price of a commodity contract. The pricing lot is determined by the contract and can be based on weight, volume, or other factors. 
  
  How to use it: 
  The pricing lot is used to calculate the price of a commodity contract. The pricing lot is determined by the contract and can be based on weight, volume, or other factors. The pricing lot is then used to calculate the total price of the contract. 
  
  Tips & Tricks: 
  When setting up a commodity contract in SAP, it is important to ensure that the pricing lot is set correctly. This will ensure that the total price of the contract is calculated accurately. 
  
  Related Information: 
  The pricing lot is related to other terms in SAP such as pricing unit and pricing scale. Pricing unit refers to the unit of measure used for pricing, while pricing scale refers to the rate at which prices increase or decrease depending on quantity.