What is price history in SAP MM-PUR - Purchasing?

SAP Term: price history

• Component: MM-PUR

• Component Name: Purchasing

• Description: A series of prices charged or quoted by a vendor for a material or service over a certain period up to the present. These prices can be derived from vendor quotations or from purchase orders issued to the vendor. In vendor evaluation, a subcriterion of the main criterion "price."

Smart SAP Assistant

• Key Concepts: 
  Price history is a feature in the SAP MM-PUR Purchasing component that allows users to view the prices of goods and services that have been purchased in the past. This feature is useful for tracking price trends and making informed purchasing decisions. 
  
  How to use it: 
  To access the price history feature, users must first log into their SAP system. Once logged in, they can navigate to the MM-PUR Purchasing component and select the “Price History” option. This will open a window that displays a list of all past purchases and their associated prices. 
  
  Tips & Tricks: 
  When using the price history feature, it is important to remember that prices may vary depending on the supplier and other factors. It is also important to note that some items may not have a price history available. 
  
  Related Information: 
  For more information on the price history feature in SAP MM-PUR Purchasing, please refer to the official SAP documentation.