What is discount in SAP SRD-SRM - SRM-Supplier Relationship Management?

SAP Term: discount

• Component: SRD-SRM

• Component Name: SRM-Supplier Relationship Management

• Description: A reduction in the price of a product charged by a supplier. Discounts include cash discounts, trade discounts, and quantity discounts.

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• Key Concepts: 
  Discounts in SAP SRM-Supplier Relationship Management (SRM) are a way to reduce the cost of goods or services purchased from a supplier. Discounts can be applied to individual items or to the entire purchase order. Discounts can be based on volume, payment terms, or other criteria.
  
  How to use it: 
  In SAP SRM, discounts are set up in the system by the purchasing department. The discount is then applied to the purchase order when it is created. The discount is calculated based on the criteria set up in the system and is applied to the purchase order total.
  
  Tips & Tricks: 
  When setting up discounts in SAP SRM, it is important to consider the impact of discounts on both the supplier and the buyer. Discounts should be structured in a way that benefits both parties and encourages long-term relationships.
  
  Related Information: 
  For more information on setting up discounts in SAP SRM, please refer to the SAP Help documentation. Additionally, there are many online resources available that provide tips and best practices for setting up discounts in SAP SRM.