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

SAP Term: price unit

• Component: MM-PUR

• Component Name: Purchasing

• Description: The unit to which the valuation price in the material master record relates.

Smart SAP Assistant

• 
  Key Concepts: 
  Price unit is a term used in the Materials Management (MM) Purchasing component of SAP. It is a unit of measure used to define the price of a material or service. The price unit is determined by the vendor and can be expressed in different units such as kilograms, liters, or pieces. 
  
  How to use it: 
  In SAP, the price unit is used to calculate the total cost of a material or service. The price unit is entered into the system when creating a purchase order and is used to determine the total cost of the order. The price unit can also be used to compare prices between different vendors. 
  
  Tips & Tricks: 
  When creating a purchase order, it is important to ensure that the correct price unit is entered into the system. This will ensure that the total cost of the order is calculated correctly. Additionally, it is important to compare prices between different vendors using the same price unit in order to get an accurate comparison. 
  
  Related Information: 
  For more information on price units in SAP, please refer to SAP Help Portal: https://help.sap.com/viewer/product/SAP_ERP_MM/6.0/en-US/f9f8d7a3e2b14c8a9f3d7c2b7e5f9a1d.html