What is 'pricing date' in SAP SRD-SRM - SRM-Supplier Relationship Management?

pricing date - Overview

• Component: SRD-SRM

• Component Name: SRM-Supplier Relationship Management

• Description: The calendar day when specific pricing conditions apply to an order. For example, a discount of 10% is given in December, but in January it gives a discount of only 5%.

pricing date - Details

• 
  Key Concepts: 
  Pricing date is a term used in SAP Supplier Relationship Management (SRM). It is the date on which the price of a product or service is determined. This date is used to calculate the total cost of the product or service and is also used to determine when the payment should be made. 
  
  How to use it: 
  In SAP SRM, the pricing date is set when a purchase order is created. The pricing date can be changed at any time before the purchase order is approved. Once the purchase order is approved, the pricing date cannot be changed. 
  
  Tips & Tricks: 
  It is important to ensure that the pricing date is accurate when creating a purchase order in SAP SRM. This will ensure that the total cost of the product or service is calculated correctly and that payment is made on time. 
  
  Related Information: 
  The pricing date in SAP SRM is related to other terms such as delivery date, payment terms, and payment method. It is important to understand how these terms interact with each other in order to ensure that all payments are made on time and that all costs are accurately calculated.