What is competitor product in SAP SRD-CRM-ORD - CRM-Orders & Contracts?

SAP Term: competitor product

• Component: SRD-CRM-ORD

• Component Name: CRM-Orders & Contracts

• Description: A product from another company that competes directly with your own product.

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• Key Concepts: 
  A competitor product is a product or service offered by a company that competes with another company’s offering. In the context of SAP, the SRD-CRM-ORD CRM-Orders & Contracts component is used to manage orders and contracts with competitors. This includes tracking competitor products, pricing, and other related information. 
  
  How to use it: 
  The SRD-CRM-ORD CRM-Orders & Contracts component can be used to manage orders and contracts with competitors. This includes tracking competitor products, pricing, and other related information. It also allows users to compare their own products and services with those of their competitors in order to gain a competitive edge. 
  
  Tips & Tricks: 
  When using the SRD-CRM-ORD CRM-Orders & Contracts component, it is important to keep track of competitor products and pricing in order to stay competitive. Additionally, it is important to regularly review competitor offerings in order to identify any potential opportunities or threats. 
  
  Related Information: 
  For more information on the SRD-CRM-ORD CRM-Orders & Contracts component, please refer to the SAP Help Portal or contact your local SAP representative. Additionally, there are many online resources available that provide detailed information on how to use this component effectively.