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

SAP Term: unit price

• Component: SRD-SRM

• Component Name: SRM-Supplier Relationship Management

• Description: The cost per unit of measure of a product.

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• Key Concepts: 
  Unit price is a term used in SAP Supplier Relationship Management (SRM) to refer to the cost of a single unit of a product or service. It is used to calculate the total cost of a purchase order, and is typically expressed in terms of currency per unit. 
  
  How to use it: 
  Unit price is used in SAP SRM to calculate the total cost of a purchase order. When creating a purchase order, the user will enter the quantity of items being purchased and the unit price for each item. The system will then calculate the total cost of the purchase order based on the unit prices and quantities entered. 
  
  Tips & Tricks: 
  When entering unit prices into SAP SRM, it is important to ensure that they are accurate and up-to-date. This will help ensure that the total cost of the purchase order is accurate and that there are no discrepancies between what was expected and what was actually paid. 
  
  Related Information: 
  Unit price is just one of many terms used in SAP SRM. Other terms include purchase order, delivery date, payment terms, and invoice. Understanding these terms and how they interact with each other is essential for successful use of SAP SRM.