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

pricing type - Overview

• Component: PSM-GPR

• Component Name: Procurement for Public Sector

• Description: A means of determining the actual price of a specific line item. Pricing types are the options available to the user and do not refer to the underlying formulas.

pricing type - Details

• 
  Key Concepts: 
  Pricing type is a feature of the PSM-GPR Procurement for Public Sector component of SAP. It is used to define the pricing structure for goods and services procured by public sector organizations. It allows users to set up different pricing structures for different types of goods and services, such as fixed prices, discounts, and other special pricing arrangements.
  
  How to use it: 
  In order to use the pricing type feature, users must first create a pricing type in the system. This can be done by navigating to the “Pricing Type” tab in the PSM-GPR Procurement for Public Sector component. Once a pricing type has been created, users can then assign it to specific goods and services that they are procuring. This will allow them to set up different pricing structures for different types of goods and services.
  
  Tips & Tricks: 
  When creating a pricing type, it is important to consider the specific needs of the organization. Different organizations may have different requirements when it comes to pricing structures, so it is important to create a pricing type that meets those needs. Additionally, it is important to ensure that all relevant information is included in the pricing type, such as discounts and other special arrangements.
  
  Related Information: 
  For more information on how to use the pricing type feature in SAP PSM-GPR Procurement for Public Sector, please refer