What is 'Discount (%)' in SAP SRD-SRM-SC - SRM-Sourcing and Contracting?

Discount (%) - Overview

• Component: SRD-SRM-SC

• Component Name: SRM-Sourcing and Contracting

• Description: A price component that specifies that the price is reduced by a specified percentage.

Discount (%) - Details

• 
  Key Concepts: 
  Discount (%) is a feature in SAP SRM-Sourcing and Contracting that allows buyers to negotiate discounts with suppliers. It is a percentage value that is applied to the total cost of the goods or services being purchased. The discount can be applied to the entire purchase or to individual items within the purchase. 
  
  How to use it: 
  In order to use the Discount (%) feature, buyers must first negotiate a discount with their suppliers. Once the discount has been agreed upon, buyers can enter the percentage value into the Discount (%) field in SAP SRM-Sourcing and Contracting. This will automatically apply the discount to the total cost of the goods or services being purchased. 
  
  Tips & Tricks: 
  When negotiating discounts with suppliers, buyers should always consider the impact of the discount on their overall budget. Additionally, buyers should ensure that they are getting the best possible deal by comparing prices from multiple suppliers before agreeing to a discount. 
  
  Related Information: 
  For more information on using Discount (%) in SAP SRM-Sourcing and Contracting, please refer to SAP's official documentation on the topic. Additionally, buyers may find it helpful to consult with an experienced SAP consultant for advice on how to best use this feature.