What is IPAC in SAP PSM-FG - Functions for U.S. Federal Government?

SAP Term: IPAC

• Component: PSM-FG

• Component Name: Functions for U.S. Federal Government

• Description: An Internet-based GOALS II application for inter-agency transactions.

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• Key Concepts: 
  IPAC stands for Internal Price Adjustment Clause. It is a clause in the U.S. Federal Government's contracts with vendors that allows for the adjustment of prices based on changes in the cost of materials, labor, and other factors. This clause is used to ensure that the government pays a fair price for goods and services. 
  
  How to use it: 
  The IPAC clause is used by the U.S. Federal Government when negotiating contracts with vendors. The clause allows for the adjustment of prices based on changes in the cost of materials, labor, and other factors. This ensures that the government pays a fair price for goods and services. 
  
  Tips & Tricks: 
  When negotiating contracts with vendors, it is important to understand how the IPAC clause works and how it can be used to ensure that the government pays a fair price for goods and services. It is also important to understand how changes in the cost of materials, labor, and other factors can affect the price of goods and services. 
  
  Related Information: 
  The IPAC clause is part of SAP's PSM-FG Functions for U.S. Federal Government component, which provides tools and features to help manage contracts with vendors in accordance with U.S. Federal Government regulations. The component also includes features such as contract management, pricing analysis, and reporting capabilities.