What is condition record validity for pricing in SAP MM-PUR - Purchasing?

SAP Term: condition record validity for pricing

• Component: MM-PUR

• Component Name: Purchasing

• Description: The combination of fields that determines an individual condition record. The validity includes a validity start date and end date, one or several business attributes such as business partner, material, and a condition type.

Smart SAP Assistant

• Key Concepts: 
  Condition record validity for pricing is a feature in SAP MM-PUR Purchasing that allows users to set a validity period for condition records. This means that the condition records will only be valid within the specified time frame. This feature helps to ensure that the correct pricing is applied to each purchase order. 
  
  How to use it: 
  To use condition record validity for pricing, users must first create a condition record in the system. Once the condition record is created, users can set the validity period for the record. This can be done by selecting the “Validity” tab in the condition record and entering the start and end dates for the validity period. 
  
  Tips & Tricks: 
  It is important to remember that condition records are only valid within their specified validity period. If a purchase order is created after the validity period has expired, then the system will not use the condition record and will instead use the default pricing. 
  
  Related Information: 
  For more information on condition records and their validity periods, please refer to SAP Help documentation or contact your local SAP support team.