What is price component in SAP SRD-SRM - SRM-Supplier Relationship Management?

SAP Term: price component

• Component: SRD-SRM

• Component Name: SRM-Supplier Relationship Management

• Description: A classification of a monetary amount or a percentage of such an amount for pricing purposes. Examples: List Price, Product Discount %, Freight

Smart SAP Assistant

• Key Concepts: 
  Price component is a feature of SAP Supplier Relationship Management (SRM) that allows users to break down the total cost of a product or service into its individual components. This helps users to better understand the cost structure of their purchases and make more informed decisions. 
  
  How to use it: 
  In SRM, users can create price components for each item they purchase. The components can be broken down into categories such as material costs, labor costs, overhead costs, and taxes. Once the components are created, users can view the total cost of the item and its individual components in the SRM system. 
  
  Tips & Tricks: 
  When creating price components in SRM, it is important to ensure that all relevant costs are included. This will help users to get an accurate picture of the total cost of their purchases. Additionally, it is important to keep track of any changes in the cost structure over time so that users can adjust their purchasing decisions accordingly. 
  
  Related Information: 
  For more information on how to use price components in SRM, please refer to the SAP Help Portal or contact your local SAP representative. Additionally, there are many online resources available that provide detailed tutorials on how to use this feature in SRM.