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

SAP Term: Discount (Value)

• Component: SRD-SRM-SC

• Component Name: SRM-Sourcing and Contracting

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

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• Key Concepts: 
  Discount (Value) Component is a feature of SAP SRM-Sourcing and Contracting that allows buyers to negotiate discounts with suppliers. This component allows buyers to set up discount agreements with suppliers, which can be used to reduce the cost of goods or services purchased from the supplier. The discount agreement can be based on either a fixed amount or a percentage of the total purchase price. 
  
  How to use it: 
  To use the Discount (Value) Component, buyers must first create a discount agreement with the supplier. This agreement should include the terms of the discount, such as the amount or percentage of the discount, as well as any other conditions that must be met in order for the discount to be applied. Once the agreement is created, buyers can then apply the discount to any purchase orders they place with the supplier. 
  
  Tips & Tricks: 
  When negotiating discounts with suppliers, it is important to ensure that both parties are clear on the terms of the agreement. It is also important to ensure that all conditions of the agreement are met in order for the discount to be applied. Additionally, buyers should keep track of any discounts they have negotiated with suppliers in order to ensure that they are taking full advantage of them. 
  
  Related Information: 
  For more information on using Discount (Value) Component in SAP SRM-Sourcing and Contracting, please refer to SAP Help documentation. Additionally, there are many online resources available that provide tips and tricks for negotiating discounts with suppliers.