What is 'below-price currency' in SAP SCM-ICH - Supply Network Collaboration?

below-price currency - Overview

• Component: SCM-ICH

• Component Name: Supply Network Collaboration

• Description: Currency of the below-price tolerance amount.

below-price currency - Details

• 
  Key Concepts: 
  Below-price currency is a feature of the Supply Network Collaboration (SCM-ICH) component of SAP. It allows companies to set a currency for their purchase orders that is lower than the currency of the supplier. This allows companies to save money on their purchases by taking advantage of exchange rate fluctuations. 
  
  How to use it: 
  In order to use below-price currency, companies must first set up a currency conversion rate in SAP. This rate will be used to convert the purchase order currency into the supplier's currency. Once this is done, companies can then enter the purchase order with a lower currency than the supplier's. 
  
  Tips & Tricks: 
  It is important to keep an eye on exchange rates when using below-price currency. Companies should monitor exchange rates and adjust their purchase orders accordingly in order to maximize savings. 
  
  Related Information: 
  Below-price currency is just one of many features available in SAP's Supply Network Collaboration (SCM-ICH) component. Other features include price negotiation, supplier collaboration, and inventory management.