What is pricing procedure in SAP SRD-CRM - CRM-Customer Relationship Management?

SAP Term: pricing procedure

• Component: SRD-CRM

• Component Name: CRM-Customer Relationship Management

• Description: A rule type for pricing. Pricing procedure determines the gross value the customer has to pay for certain goods or services they want to receive on a certain day at a certain place. All steps for price calculation in sales and service documents are defined within the pricing procedure.

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• Key Concepts: 
  Pricing procedure is a set of rules used in SAP CRM to determine the pricing of products and services. It is used to define the sequence of conditions and calculations that are applied to determine the final price of a product or service. The pricing procedure consists of several steps, such as condition types, access sequences, condition tables, and pricing routines. 
  
  How to use it: 
  In order to use the pricing procedure in SAP CRM, you must first define the condition types that will be used in the pricing procedure. This includes defining the condition type name, the calculation type, and the condition class. Once this is done, you must then define the access sequences that will be used to determine which condition tables will be used for each condition type. Finally, you must define the pricing routines that will be used to calculate the final price of a product or service. 
  
  Tips & Tricks: 
  When setting up a pricing procedure in SAP CRM, it is important to ensure that all of the necessary steps are taken in order to ensure accuracy. This includes ensuring that all of the condition types are correctly defined, that all of the access sequences are correctly defined, and that all of the pricing routines are correctly defined. Additionally, it is important to test the pricing procedure before it is put into production in order to ensure accuracy. 
  
  Related Information: 
  For more information on setting up a pricing procedure in SAP CRM, please refer to SAP's official documentation on Pricing Procedures in CRM. Additionally, there are many online resources available that provide step-by-step instructions on how to set up a pricing procedure in SAP CRM.