What is Price Reliability in SAP SRD-SRM-SC - SRM-Sourcing and Contracting?

SAP Term: Price Reliability

• Component: SRD-SRM-SC

• Component Name: SRM-Sourcing and Contracting

• Description: A report that contains two views: Price Reliability per Supplier and Price Reliability per Product. The Price Reliability per Supplier view compares all products purchased from one or more selected suppliers. The Price Reliability per Product view compares products purchased from different suppliers. You can drill down to the suppliers that deliver a product.

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• Key Concepts: 
  Price Reliability Component is a feature of SAP SRM-Sourcing and Contracting that helps to ensure the accuracy of pricing information. It allows users to set up rules and conditions for pricing, such as minimum and maximum prices, discounts, and other factors. This helps to ensure that the prices entered into the system are reliable and accurate. 
  
  How to use it: 
  The Price Reliability Component can be used to set up rules and conditions for pricing. This includes setting minimum and maximum prices, discounts, and other factors. Once these rules are set up, they can be applied to all pricing transactions in the system. This helps to ensure that all pricing information is accurate and reliable. 
  
  Tips & Tricks: 
  When setting up rules and conditions for pricing, it is important to consider the needs of the business. For example, if a business needs to offer discounts on certain products or services, then the Price Reliability Component should be set up accordingly. Additionally, it is important to regularly review the rules and conditions to ensure they are still relevant and accurate. 
  
  Related Information: 
  For more information on the Price Reliability Component, please refer to the SAP SRM-Sourcing and Contracting documentation. Additionally, there are many online resources available that provide more detailed information on how to use this feature.