What is List Prices in SAP SRD-SRM-SC - SRM-Sourcing and Contracting?

SAP Term: List Prices

• Component: SRD-SRM-SC

• Component Name: SRM-Sourcing and Contracting

• Description: A work center view that allows a company to define the pricing information for a material or a service as provided by a supplier. A list price is used when there is no contract or catalog available from the supplier. List Prices is also a business topic in the business adaptation catalog.

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• Key Concepts: 
  List Prices are the prices that are listed in a contract between a buyer and a supplier. They are used to determine the cost of goods and services that are purchased from the supplier. List Prices are typically set by the supplier and can be negotiated by the buyer. 
  
  How to use it: 
  In SAP SRM-Sourcing and Contracting, List Prices can be used to create contracts between buyers and suppliers. The List Price is set by the supplier and can be negotiated by the buyer. Once the List Price is agreed upon, it is used to determine the cost of goods and services purchased from the supplier. 
  
  Tips & Tricks: 
  When negotiating List Prices, it is important to consider both the buyer’s and supplier’s needs. It is also important to consider any discounts or incentives that may be available. Additionally, it is important to ensure that all parties involved understand the terms of the contract and agree to them before signing. 
  
  Related Information: 
  For more information on List Prices in SAP SRM-Sourcing and Contracting, please refer to SAP Help documentation or contact your local SAP representative.