What is 'item value' in SAP SRD-SRM-PRO - SRM-Purchase Requests and Orders?

item value - Overview

• Component: SRD-SRM-PRO

• Component Name: SRM-Purchase Requests and Orders

• Description: The monetary worth of a selected product.

item value - Details

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  Key Concepts: 
  Item value is a term used in SAP SRM-Purchase Requests and Orders. It is the total value of all items in a purchase request or order. This value is calculated by multiplying the quantity of each item by its unit price. 
  
  How to use it: 
  The item value can be found in the purchase request or order overview. It is displayed as a total amount at the bottom of the overview. The item value can also be found in the item details section of the purchase request or order. 
  
  Tips & Tricks: 
  When creating a purchase request or order, it is important to ensure that the item value is accurate. This can be done by double-checking the quantity and unit price of each item before submitting the request or order. 
  
  Related Information: 
  The item value is related to other terms such as quantity and unit price. It is also related to other SAP SRM-Purchase Requests and Orders features such as approval workflow and payment terms.