What is period-specific condition in SAP (MM-PUR - Purchasing)?

SAP Term: period-specific condition

• Component: MM-PUR

• Component Name: Purchasing

• Description: A supplementary condition, effective within a certain period of time covered by a main principal condition. &EXAMPLE& Two business partners agree a 3% discount on a price in the period 01.01 to 03.31. An additional period-specific condition of 1% applies between 02.01 and 02.15. &EXAMPLE& Under a rebate arrangement that is valid from 01.01 to 03.31, periodic interim settlements are effected in addition to final settlement. In the process of interim settlement accounting on 16.02, the amount due under the period- specific condition that is valid for the period 02.01 to 02.15 is determined and settled. At the time of final settlement on 03.31, the sum payable is reduced by the amount paid in the settlement effected on 02.16.

Smart SAP Assistant

• Key Concepts: 
  Period-specific conditions are a type of pricing condition in the Materials Management (MM) Purchasing component of SAP. They are used to define a price for a certain period of time, such as a month or a year. The condition is valid only for the specified period and is not applicable outside of that period. 
  
  How to use it: 
  Period-specific conditions can be used in the MM Purchasing component to set prices for goods or services over a certain period of time. To set up a period-specific condition, you must first create the condition record in the system. Then, you can enter the start and end dates for the condition, as well as the price that will be applied during that period. 
  
  Tips & Tricks: 
  When setting up a period-specific condition, it is important to make sure that the start and end dates are accurate. If the dates are incorrect, then the condition may not be applied correctly. Additionally, it is important to make sure that there are no overlapping periods when setting up multiple conditions. 
  
  Related Information: 
  For more information on setting up period-specific conditions in SAP MM Purchasing, please refer to SAP Help documentation at https://help.sap.com/viewer/product/SAP_ERP_MM/6.0/en-US.