What is pool markdown in SAP MM-IV - Invoice Verification?

SAP Term: pool markdown

• Component: MM-IV

• Component Name: Invoice Verification

• Description: An absolute amount by which the value of pool layers is reduced within the framework of the "lowest value comparison" procedure for material valuation.

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• Key Concepts: 
  Pool markdown is a feature in SAP's Materials Management (MM) Invoice Verification (IV) component that allows users to reduce the value of an invoice item by a certain percentage. This is useful for situations where the invoice amount is higher than the expected value, and the user wants to reduce the amount to match the expected value. 
  
  How to use it: 
  To use pool markdown, the user must first enter the invoice item into the system. Once this is done, they can select the pool markdown option from the menu and enter in the desired percentage reduction. The system will then automatically calculate and apply the reduction to the invoice item. 
  
  Tips & Tricks: 
  When using pool markdown, it is important to remember that it can only be used on individual invoice items and not on an entire invoice. Additionally, it is important to ensure that the percentage reduction entered is within the allowed limits set by the company. 
  
  Related Information: 
  Pool markdown is just one of many features available in SAP's Materials Management (MM) Invoice Verification (IV) component. Other features include automatic payment processing, invoice matching, and more. For more information on these features, please refer to SAP's official documentation.