What is price comparison list in SAP MM-PUR - Purchasing?

SAP Term: price comparison list

• Component: MM-PUR

• Component Name: Purchasing

• Description: A comparative listing of bidders' prices for all items that are the subject of a bid invitation, in matrix form. The price comparison list can be generated for bidders' service specifications and for quotations submitted in response to RFQs.

Smart SAP Assistant

• Key Concepts: 
  A price comparison list is a tool used in SAP MM-PUR Purchasing to compare the prices of different vendors for the same material. It allows users to quickly and easily compare the prices of different vendors and select the most cost-effective option. The list can be used to compare both standard and special prices. 
  
  How to use it: 
  To use a price comparison list, first create a list of vendors that you would like to compare. Then, enter the material number and quantity for each vendor. The system will then calculate the total price for each vendor and display it in the list. Finally, select the vendor with the lowest price and proceed with the purchase order. 
  
  Tips & Tricks: 
  When creating a price comparison list, make sure to include all relevant information such as delivery terms, payment terms, and discounts. This will ensure that you are getting the best deal possible. Additionally, it is important to keep track of any changes in prices or terms so that you can update your comparison list accordingly. 
  
  Related Information: 
  For more information on using price comparison lists in SAP MM-PUR Purchasing, please refer to SAP Help documentation or contact your local SAP support team.