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

SAP Term: pricing component type

• Component: PSM-GPR

• Component Name: Procurement for Public Sector

• Description: Attribute of a pricing component that defines whether a component of a pricing arrangement is value-based only an amount is relevant for calculating the total price of the line item or quantity-based both anamount and a quantity are relevant for calculating the total amount of aline item. Examples of value-based pricing component types: Cost Award Fee Fee Examples of quantity-based pricing component types: Quantity Time

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• Key Concepts: 
  Pricing component type is a feature of the SAP PSM-GPR Procurement for Public Sector module. It allows users to define different types of pricing components, such as discounts, taxes, and surcharges, that can be applied to a purchase order. This helps to ensure that the pricing of goods and services is accurate and up-to-date.
  
  How to Use It: 
  To use the pricing component type feature, users must first create a pricing component type in the system. This can be done by navigating to the “Pricing Component Type” tab in the SAP PSM-GPR Procurement for Public Sector module. From there, users can define the type of pricing component they wish to create and enter the relevant details. Once created, the pricing component type can be applied to a purchase order. 
  
  Tips & Tricks: 
  When creating a pricing component type, it is important to ensure that all relevant details are entered accurately. This will help to ensure that the pricing component is applied correctly when it is added to a purchase order. Additionally, it is important to keep track of all pricing components that have been created in the system, as this will help users to quickly identify which components are applicable for a particular purchase order. 
  
  Related Information: 
  For more information on how to use the pricing component type feature in SAP PSM-GPR Procurement for Public Sector, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials and tips on how to use this feature effectively.