What is condition record for pricing in purchasing in SAP SD-BF-PR - Pricing and Conditions?

SAP Term: condition record for pricing in purchasing

• Component: SD-BF-PR

• Component Name: Pricing and Conditions

• Description: The term used for the technical name of the API PurchasingPricingConditionRecord when mentioned in documentation.

Smart SAP Assistant

• Key Concepts: 
  Condition records for pricing in purchasing are used to store pricing information for goods and services that are purchased from vendors. This information includes the price of the item, the currency, the validity period, and any discounts or surcharges that may apply. The condition records are stored in the SAP system and can be accessed by users when creating purchase orders. 
  
  How to use it: 
  When creating a purchase order, users can access the condition records for pricing in purchasing by entering the vendor number and material number into the system. The system will then display all of the applicable condition records for that vendor and material. Users can then select the appropriate condition record to apply to the purchase order. 
  
  Tips & Tricks: 
  When creating a purchase order, it is important to ensure that all of the applicable condition records are selected. This will ensure that all discounts and surcharges are applied correctly and that the correct price is applied to the purchase order. 
  
  Related Information: 
  The SAP component SD-BF-PR Pricing and Conditions is responsible for managing condition records for pricing in purchasing. This component also provides users with tools to create, edit, and delete condition records as needed.