What is pricing component in SAP PSM-GPR - Procurement for Public Sector?

SAP Term: pricing component

• Component: PSM-GPR

• Component Name: Procurement for Public Sector

• Description: An element of a pricing arrangement. A pricing component is always assigned a pricing component type that defines whether the pricing component can be used for value-based or quantity-based calculation of the total value of a line item.

Smart SAP Assistant

• Key Concepts: 
  Pricing component is a feature of the PSM-GPR Procurement for Public Sector module in SAP. It allows users to define and manage pricing components for goods and services procured from vendors. This includes setting up pricing rules, discounts, and other conditions that will be applied to the purchase order. 
  
  How to use it: 
  To use the pricing component feature, users must first define the pricing components in the system. This includes setting up the pricing rules, discounts, and other conditions that will be applied to the purchase order. Once the pricing components have been defined, users can then assign them to specific vendors or goods and services. The system will then automatically apply the pricing components when creating purchase orders for those vendors or goods and services. 
  
  Tips & Tricks: 
  When setting up pricing components, it is important to ensure that all of the conditions are properly defined and that they are applied correctly. Additionally, it is important to review the pricing components regularly to ensure that they are still applicable and up-to-date. 
  
  Related Information: 
  For more information on how to use the pricing component feature in SAP PSM-GPR Procurement for Public Sector, please refer to the official SAP documentation.