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

SAP Term: simple pricing arrangement

• Component: PSM-GPR

• Component Name: Procurement for Public Sector

• Description: A pricing arrangement that has no pricing components. Simple pricing arrangements are always quantity-based. This means that the system calculates the total value of the line item by multiplying the unit price of the material ordered with the quantity ordered.

Smart SAP Assistant

• Key Concepts: 
  Simple pricing arrangement is a feature of the PSM-GPR Procurement for Public Sector component of SAP. It allows public sector organizations to create and manage pricing arrangements for goods and services that are purchased from suppliers. This feature enables organizations to quickly and easily set up pricing agreements with suppliers, which can help to reduce costs and improve efficiency. 
  
  How to use it: 
  Simple pricing arrangement can be used to create and manage pricing agreements with suppliers. The feature allows users to define the terms of the agreement, such as the price, payment terms, discounts, and other conditions. Once the agreement is created, it can be monitored and adjusted as needed. 
  
  Tips & Tricks: 
  When creating a simple pricing arrangement, it is important to ensure that all of the terms are clearly defined and agreed upon by both parties. Additionally, it is important to review the agreement regularly to ensure that it is still valid and up-to-date. 
  
  Related Information: 
  For more information on simple pricing arrangement in SAP PSM-GPR Procurement for Public Sector, please refer to the official SAP documentation.