What is price condition ranking value in SAP SRD-SRM - SRM-Supplier Relationship Management?

SAP Term: price condition ranking value

• Component: SRD-SRM

• Component Name: SRM-Supplier Relationship Management

• Description: An ordinal measurement used to sort and rank the price conditions of a purchase document. The price conditions are sorted in the back end of the ByDesign solution, and each condition is assigned an ordinal number, which is displayed on the screen as a ranking value.

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• Key Concepts: 
  Price condition ranking value is a feature of SAP Supplier Relationship Management (SRM) that allows users to assign a numerical value to each price condition in order to prioritize them. This numerical value is used to determine which price condition should be applied when multiple conditions are available for a given item. 
  
  How to use it: 
  To use the price condition ranking value feature, users must first assign a numerical value to each price condition. This can be done in the SRM system by navigating to the “Price Conditions” tab and selecting the “Ranking Value” option. Once the numerical values have been assigned, they will be used to determine which price condition should be applied when multiple conditions are available for a given item. 
  
  Tips & Tricks: 
  When assigning numerical values to price conditions, it is important to consider the order in which they will be applied. For example, if you want a certain condition to always take precedence over others, you should assign it a higher ranking value than the other conditions. 
  
  Related Information: 
  For more information on using the price condition ranking value feature in SAP SRM, please refer to the official SAP documentation.