What is points factor in SAP LOD-CID-OPP - Omnichannel Promotion Pricing Services?

SAP Term: points factor

• Component: LOD-CID-OPP

• Component Name: Omnichannel Promotion Pricing Services

• Description: A parameter for the Calculation service that defines the factor in case of points multiples by which the monetary value is multiplied to grant loyalty points.

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• Key Concepts: 
  Points factor is a component of the LOD-CID-OPP Omnichannel Promotion Pricing Services. It is a numerical value that is used to calculate the amount of points a customer earns when they purchase a product or service. The points factor is multiplied by the price of the item to determine the number of points earned. 
  
  How to use it: 
  The points factor can be used to incentivize customers to purchase more products or services. For example, if a customer purchases an item with a points factor of 2, they will earn twice as many points as they would have if the item had a points factor of 1. This can be used to encourage customers to purchase more items and increase sales. 
  
  Tips & Tricks: 
  It is important to consider the points factor when setting prices for products and services. If the points factor is too low, customers may not be incentivized to purchase more items. On the other hand, if the points factor is too high, it may not be cost effective for businesses. 
  
  Related Information: 
  The LOD-CID-OPP Omnichannel Promotion Pricing Services also includes other components such as discounts, coupons, and loyalty programs. These components can be used in conjunction with the points factor to create an effective promotion strategy that encourages customers to purchase more items and increase sales.