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

SAP Term: price level

• Component: MM-PUR

• Component Name: Purchasing

• Description: In vendor evaluation, a subcriterion of the main criterion "price". This subcriterion expresses the relationship of a vendor's price to the average price of other vendors.

Smart SAP Assistant

• Key Concepts: 
  Price level is a feature in SAP MM-PUR Purchasing that allows users to set different prices for different materials or services. This feature is useful for companies that need to manage different prices for different customers or suppliers. 
  
  How to use it: 
  To use the price level feature, users must first create a price list in the system. This list can be used to set different prices for different materials or services. Once the list is created, users can assign a price level to each material or service. This will allow them to set different prices for each item. 
  
  Tips & Tricks: 
  When creating a price list, it is important to make sure that all of the prices are up-to-date and accurate. This will ensure that the correct prices are applied when using the price level feature. Additionally, it is important to keep track of any changes made to the price list, as this could affect the prices assigned to materials or services. 
  
  Related Information: 
  For more information on how to use the price level feature in SAP MM-PUR Purchasing, please refer to the official SAP documentation. Additionally, there are many online resources available that provide helpful tips and tricks for using this feature.