What is 'standard price' in SAP LOD-SBO - Supply Base Optimization?

standard price - Overview

• Component: LOD-SBO

• Component Name: Supply Base Optimization

• Description: A uniform price proposed for a part by a buyer, based on its historical prices.

standard price - Details

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  Key Concepts: 
  Standard price is a pricing strategy used in the LOD-SBO Supply Base Optimization component of SAP. It is a fixed price that is set for a product or service and does not change over time. This type of pricing is often used when the cost of production or delivery is relatively stable and predictable. 
  
  How to use it: 
  Standard price can be used to set prices for products or services in SAP. This pricing strategy can be used to ensure that the cost of production or delivery remains consistent over time. It can also be used to ensure that customers are charged the same amount for a product or service regardless of when they purchase it. 
  
  Tips & Tricks: 
  When setting standard prices in SAP, it is important to consider the cost of production or delivery as well as market conditions. This will help ensure that the prices are competitive and profitable. Additionally, it is important to review standard prices regularly to ensure that they remain up-to-date and relevant. 
  
  Related Information: 
  For more information on standard pricing strategies, please refer to the SAP Help Portal. Additionally, there are many online resources available that provide guidance on how to effectively use standard pricing in SAP.