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

SAP Term: quotation price history

• Component: MM-PUR

• Component Name: Purchasing

• Description: A series of prices quoted by a vendor for a material or service over a certain period up to the present. The system creates or updates the quotation price history when quotation prices are updated in the info record.

Smart SAP Assistant

• Key Concepts: 
  Quotation Price History is a feature in the SAP MM-PUR Purchasing module that allows users to view the history of prices for a particular item or service that has been requested in a quotation. This feature allows users to compare the current price of an item or service with the prices that have been offered in the past. This helps users to make informed decisions when selecting vendors and negotiating prices. 
  
  How to use it: 
  To access the Quotation Price History feature, users must first open the Purchasing module in SAP. Once in the module, users can select the “Quotation Price History” option from the menu. This will open a window that displays all of the quotations that have been requested for a particular item or service. Users can then select a quotation to view its price history. 
  
  Tips & Tricks: 
  When using the Quotation Price History feature, it is important to remember that only quotations that have been requested in SAP will be displayed. If a quotation has not been requested, it will not appear in the list. Additionally, users should be aware that only quotations from vendors who are currently active in SAP will be displayed. 
  
  Related Information: 
  For more information on using the Quotation Price History feature, users can refer to SAP’s online help documentation or contact their local SAP support team. Additionally, users can find more information about purchasing and quotations in SAP by visiting SAP’s official website.