What is gross price in SAP SRD-SRM-PRO - SRM-Purchase Requests and Orders?

SAP Term: gross price

• Component: SRD-SRM-PRO

• Component Name: SRM-Purchase Requests and Orders

• Description: The total price of a material or service without any discounts or surcharges and including taxes. In purchase orders, the gross price is the starting point of the price determination.

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• Key Concepts: 
  Gross price is the total price of a product or service before any discounts or taxes are applied. It is the sum of the net price (the base price of the item) and any additional charges such as shipping, handling, and other fees. Gross price is also known as the list price or sticker price. 
  
  How to use it: 
  In SAP SRM-Purchase Requests and Orders, gross price is used to calculate the total cost of a purchase request or order. This includes the net price of the item, plus any additional charges such as shipping, handling, and other fees. The gross price is then used to calculate the total cost of the purchase request or order. 
  
  Tips & Tricks: 
  When entering a purchase request or order in SAP SRM-Purchase Requests and Orders, it is important to enter the correct gross price for each item. This will ensure that the total cost of the purchase request or order is accurate. 
  
  Related Information: 
  For more information on gross prices in SAP SRM-Purchase Requests and Orders, please refer to the SAP Help documentation.