What is price structure in SAP PSM-GPR - Procurement for Public Sector?

SAP Term: price structure

• Component: PSM-GPR

• Component Name: Procurement for Public Sector

• Description: The formula that determines the actual price of a specific line item.

Smart SAP Assistant

• Key Concepts: 
  Price structure is a feature of the PSM-GPR Procurement for Public Sector component of SAP. It allows users to define and manage pricing structures for goods and services procured from vendors. This includes setting up price lists, discounts, and other pricing rules. It also allows users to track and analyze pricing trends over time. 
  
  How to use it: 
  To use the price structure feature, users must first define the pricing rules they want to apply. This includes setting up price lists, discounts, and other pricing rules. Once the rules are defined, users can then assign them to vendors or goods and services. The system will then automatically apply the pricing rules when creating purchase orders or invoices. 
  
  Tips & Tricks: 
  When setting up price structures, it is important to consider the impact of discounts and other pricing rules on overall costs. It is also important to ensure that the pricing rules are applied consistently across all vendors and goods and services. 
  
  Related Information: 
  For more information on using the price structure feature in SAP PSM-GPR Procurement for Public Sector, please refer to the official SAP documentation.