What is pricing reference material in SAP SD - Sales and Distribution?

SAP Term: pricing reference material

• Component: SD

• Component Name: Sales and Distribution

• Description: A material master record that the system uses as a reference for pricing. If this pricing reference is entered in the master record for a material, all conditions defined for the pricing reference material apply to this material. A material master record must be created for each pricing reference material.

Smart SAP Assistant

• Key Concepts: 
  Pricing reference material is a component of SAP Sales and Distribution (SD) that allows users to store and manage pricing information. This information can be used to determine the price of goods and services, as well as to calculate discounts and other pricing-related calculations. The pricing reference material can be used to create pricing conditions, which are then used in sales documents. 
  
  How to use it: 
  The pricing reference material is accessed through the SAP SD module. To create a pricing condition, users must first create a pricing reference material. This is done by entering the relevant information into the system, such as the product or service being priced, the currency, and any discounts or other conditions that may apply. Once the pricing reference material is created, it can be used to create a pricing condition. This condition can then be applied to sales documents, such as orders or invoices. 
  
  Tips & Tricks: 
  When creating a pricing reference material, it is important to ensure that all relevant information is entered accurately. This will ensure that the pricing conditions created are accurate and up-to-date. Additionally, it is important to keep track of any changes made to the pricing reference material, as this will ensure that all sales documents are using the most up-to-date information. 
  
  Related Information: 
  For more information on SAP Sales and Distribution (SD) and its components, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tutorials and other helpful information on using SAP SD.