What is returns refund determination in SAP LO-ARM - Advanced Returns Management?

SAP Term: returns refund determination

• Component: LO-ARM

• Component Name: Advanced Returns Management

• Description: In , the decision on how much credit to issue for returned material. This decision can be based on the inspection results but can also be made independently. Returns refund determination is divided into customer refund determination CRD and internal refund determination IRD.

Smart SAP Assistant

• Key Concepts: 
  Returns refund determination is a process in SAP's LO-ARM Advanced Returns Management component that allows customers to receive refunds for returned goods. This process involves determining the amount of the refund, which is based on the customer's return policy and the condition of the returned goods. 
  
  How to use it: 
  The returns refund determination process begins when a customer returns goods to a company. The company must then assess the condition of the goods and determine if they are eligible for a refund. If they are, the company must then calculate the amount of the refund based on their return policy. This calculation is done using the returns refund determination process in SAP's LO-ARM Advanced Returns Management component. 
  
  Tips & Tricks: 
  When using the returns refund determination process, it is important to ensure that all relevant information is taken into account when calculating the amount of the refund. This includes any discounts or promotions that may have been applied to the original purchase, as well as any applicable taxes or fees. Additionally, it is important to ensure that all relevant policies and regulations are followed when determining refunds. 
  
  Related Information: 
  For more information about SAP's LO-ARM Advanced Returns Management component and its returns refund determination process, please visit SAP's website at https://www.sap.com/products/lo-arm-advanced-returns-management.html.