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

SAP Term: price history

• Component: SRD-SRM

• Component Name: SRM-Supplier Relationship Management

• Description: A series of prices charged or quoted by a supplier for a product over a specified period. These prices can be derived from supplier quotes or from supplier invoices.

Smart SAP Assistant

• Key Concepts: 
  Price history is a feature of SAP SRM (Supplier Relationship Management) that allows users to view the prices of goods and services over time. This feature helps users to compare prices and make informed decisions when purchasing goods and services. 
  
  How to use it: 
  To use the price history feature, users must first log into their SAP SRM system. Once logged in, they can access the “Price History” tab in the main menu. This tab will display a list of all goods and services that have been purchased in the past, along with their respective prices. Users can then select a specific item to view its price history. 
  
  Tips & Tricks: 
  When using the price history feature, it is important to remember that prices may vary depending on the supplier. It is also important to note that some items may not have a price history available, as they may not have been purchased in the past. 
  
  Related Information: 
  The price history feature is just one of many features available in SAP SRM. Other features include supplier management, contract management, and purchase order management. All of these features help users manage their supplier relationships more effectively.