What is Price History for Central Purchase Contract Items in SAP MM-PUR - Purchasing?

SAP Term: Price History for Central Purchase Contract Items

• Component: MM-PUR

• Component Name: Purchasing

• Description: An app that displays the price and condition history of central purchase contract items. The data is displayed according to supplier, company code, central purchasing organization and group, and plant.

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• Key Concepts: 
  Price History for Central Purchase Contract Items is a feature in SAP's Materials Management (MM) Purchasing component. It allows users to view the price history of items that have been purchased through a central purchase contract. This feature helps users to track the price changes of items over time and make informed decisions when purchasing items. 
  
  How to use it: 
  To use the Price History for Central Purchase Contract Items feature, users must first create a central purchase contract in the MM-PUR Purchasing component. Once the contract is created, users can view the price history of items purchased through the contract by selecting the “Price History” tab in the contract. The price history will be displayed in a table format, showing the item number, unit of measure, quantity, and price for each item purchased. 
  
  Tips & Tricks: 
  When viewing the price history of an item, users should pay attention to any changes in quantity or unit of measure as this can affect the overall cost of the item. Additionally, users should be aware that some contracts may have different pricing structures depending on the quantity purchased. 
  
  Related Information: 
  For more information on using Price History for Central Purchase Contract Items, please refer to SAP's official documentation on Materials Management (MM) Purchasing.