What is discount rate 1 granted in SAP SRD-SRM - SRM-Supplier Relationship Management?

SAP Term: discount rate 1 granted

• Component: SRD-SRM

• Component Name: SRM-Supplier Relationship Management

• Description: Part of a payment term that defines how much discount is granted to a customer or by a supplier if an invoice is paid within a specified number of days after the invoice date or until a defined fixed date.

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• Key Concepts: 
  Discount rate 1 granted is a term used in SAP Supplier Relationship Management (SRM). It refers to the discount rate that is granted to a supplier by the buyer. This rate is usually based on the volume of goods or services purchased by the buyer from the supplier. 
  
  How to use it: 
  In SAP SRM, discount rate 1 granted is used to calculate the total cost of goods or services purchased from a supplier. The discount rate is applied to the total cost of goods or services purchased and the resulting amount is then used as the basis for payment to the supplier. 
  
  Tips & Tricks: 
  When setting up discount rate 1 granted in SAP SRM, it is important to ensure that the rate is set correctly. This will ensure that the buyer receives the correct amount of discount and that the supplier receives the correct amount of payment. 
  
  Related Information: 
  Discount rate 1 granted is related to other terms such as discount rate 2 granted, which refers to a second discount rate that may be applied to certain goods or services purchased from a supplier. Additionally, discount rate 1 granted may also be related to other terms such as payment terms, which refer to the terms under which payment must be made for goods or services purchased from a supplier.