What is variable price in SAP PLM-PLC - Product Lifecycle Costing?

SAP Term: variable price

• Component: PLM-PLC

• Component Name: Product Lifecycle Costing

• Description: The variable cost portion of the price in the transaction currency for each price unit.

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• Key Concepts: 
  Variable price is a feature of SAP Product Lifecycle Costing (PLM-PLC) that allows users to set different prices for different products or services. This feature allows users to adjust prices based on market conditions, customer preferences, or other factors. It also allows users to set different prices for different customers or regions. 
  
  How to use it: 
  To use the variable price feature, users must first create a pricing table in the SAP system. This table will contain the different prices for each product or service. Once the table is created, users can then assign the appropriate prices to each product or service. The prices can be adjusted at any time, allowing users to quickly respond to changing market conditions. 
  
  Tips & Tricks: 
  When setting up the pricing table, it is important to consider the different factors that may affect pricing. These include market conditions, customer preferences, and regional differences. It is also important to consider any discounts or promotions that may be available. By taking these factors into account, users can ensure that they are setting the most competitive prices possible. 
  
  Related Information: 
  The variable price feature is just one of many features available in SAP Product Lifecycle Costing (PLM-PLC). Other features include cost analysis, cost forecasting, and cost optimization. By using these features together, users can gain a better understanding of their costs and make more informed decisions about pricing and other aspects of their business.