What is price control in SAP MM - Materials Management?

SAP Term: price control

• Component: MM

• Component Name: Materials Management

• Description: An indicator determining the procedure used for material valuation. The following procedures are available in the standard system: Valuation at standard price Valuation at moving average price or, if the material ledger has been activated, periodic unit price

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• Key Concepts: 
  Price control is a feature of SAP Materials Management (MM) that allows users to control the pricing of goods and services. It is used to ensure that the prices of goods and services are consistent across different transactions. Price control also helps to ensure that the prices of goods and services are in line with the company’s pricing policies. 
  
  How to use it: 
  In SAP MM, price control is used to set the prices of goods and services. The user can set a fixed price or a percentage increase or decrease for each item. The user can also set a minimum and maximum price for each item. The user can also set different prices for different customers or vendors. 
  
  Tips & Tricks: 
  When setting up price control in SAP MM, it is important to consider the company’s pricing policies and the market conditions. It is also important to consider the customer’s needs and preferences when setting up price control. 
  
  Related Information: 
  Price control is closely related to other features of SAP MM such as material valuation, material pricing, and vendor evaluation. It is also related to other features such as inventory management, purchasing, and sales order processing.