What is rank in SAP (MP-APP-DPE - Dynamic Pricing Engine)?

SAP Term: rank

• Component: MP-APP-DPE

• Component Name: Dynamic Pricing Engine

• Description: Bid standing based on one or more criteria as defined by auction or RFQ rules.

Smart SAP Assistant

• Key Concepts: 
  Rank is a feature of the SAP MP-APP-DPE Dynamic Pricing Engine that allows users to assign a numerical value to a product or service. This numerical value is used to determine the order in which products or services are displayed in the system. The higher the rank, the higher the product or service will appear in the list. 
  
  How to use it: 
  To use rank, users must first assign a numerical value to each product or service. This can be done manually or automatically using the system's algorithms. Once the numerical values have been assigned, they can be used to determine the order in which products or services are displayed in the system. 
  
  Tips & Tricks: 
  When assigning numerical values to products or services, it is important to consider how they will be used in the system. For example, if a product or service is more important than others, it should be given a higher rank so that it appears higher up in the list. 
  
  Related Information: 
  Rank is just one of many features available in SAP MP-APP-DPE Dynamic Pricing Engine. Other features include pricing rules, discounts, and promotions. All of these features can be used together to create an effective pricing strategy for your business.