What is quantity discount in SAP SRD-CRM - CRM-Customer Relationship Management?

SAP Term: quantity discount

• Component: SRD-CRM

• Component Name: CRM-Customer Relationship Management

• Description: A reduction in the price charged to customers due to the quantity of products purchased.

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• Key Concepts: 
  Quantity discount is a pricing strategy used in SAP Customer Relationship Management (CRM) that allows customers to receive discounts on products or services based on the quantity of items purchased. This type of discount is often used to encourage customers to purchase larger quantities of a product or service, as it provides an incentive for them to do so. 
  
  How to use it: 
  In SAP CRM, quantity discounts can be set up in the pricing conditions. The pricing conditions are used to define the discounts that will be applied when a customer purchases a certain quantity of a product or service. The pricing conditions can be set up for each product or service, and can be adjusted as needed. 
  
  Tips & Tricks: 
  When setting up quantity discounts in SAP CRM, it is important to consider the customer’s needs and preferences. For example, if a customer is likely to purchase large quantities of a product or service, then offering a larger discount may be beneficial. Additionally, it is important to consider the cost of the product or service when setting up the pricing conditions, as this will help ensure that the discount is profitable for the company. 
  
  Related Information: 
  In addition to quantity discounts, SAP CRM also offers other types of discounts such as volume discounts and promotional discounts. Volume discounts are based on the total amount purchased by a customer over a certain period of time, while promotional discounts are offered for specific products or services during certain times of the year. Additionally, SAP CRM also offers loyalty programs which allow customers to earn rewards for their purchases.