What is customer pricing procedure in SAP SD - Sales and Distribution?

SAP Term: customer pricing procedure

• Component: SD

• Component Name: Sales and Distribution

• Description: A setting used in customer master data, which determines the pricing procedure.

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• Key Concepts: 
  Customer pricing procedure is a feature of SAP Sales and Distribution (SD) that allows customers to set up their own pricing rules. It enables customers to define their own pricing conditions, such as discounts, surcharges, and taxes, for each product or service they purchase. This helps customers to optimize their pricing strategies and maximize their profits. 
  
  How to use it: 
  To use customer pricing procedure in SAP SD, customers must first create a pricing procedure. This involves setting up the conditions that will be used to determine the price of each product or service. Once the pricing procedure is created, customers can assign it to specific customers or customer groups. This will ensure that the correct pricing conditions are applied when the customer makes a purchase. 
  
  Tips & Tricks: 
  When creating a customer pricing procedure, it is important to consider the different types of discounts and surcharges that may be applicable. For example, some customers may be eligible for volume discounts or special promotions. It is also important to consider any taxes or other fees that may be applicable. 
  
  Related Information: 
  For more information about customer pricing procedure in SAP SD, please refer to the official SAP documentation. Additionally, there are many online resources available that provide helpful tips and tricks for setting up customer pricing procedures in SAP SD.