What is local rate table in SAP TM - Transportation Management?

SAP Term: local rate table

• Component: TM

• Component Name: Transportation Management

• Description: A grouping of prices for transportation services listed by validity period and created locally within an agreement or calculation sheet.

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• Key Concepts: 
  Local rate tables are used in SAP Transportation Management (TM) to store and manage freight rates. They are used to define the cost of shipping goods from one location to another. The local rate table contains information such as the origin and destination locations, the mode of transport, and the cost associated with each shipment. 
  
  How to use it: 
  Local rate tables can be used to calculate the cost of shipping goods from one location to another. The user can enter the origin and destination locations, the mode of transport, and the cost associated with each shipment into the local rate table. The system will then calculate the total cost of shipping based on these inputs. 
  
  Tips & Tricks: 
  When creating a local rate table, it is important to ensure that all relevant information is included. This includes the origin and destination locations, the mode of transport, and any additional costs associated with each shipment. Additionally, it is important to keep the local rate table up-to-date in order to ensure accurate calculations. 
  
  Related Information: 
  For more information on local rate tables in SAP TM, please refer to the official SAP documentation here: https://help.sap.com/viewer/6b94445c94ae495c83a19646e7c3fd56/7.5.10/en-US/f8d2f9f3d8a84d2f9f3d8a84d2f9f3d8a84d2f9f3d8a84d2f9f3d8a84d2f9f3d8a84d2f9f3d8a84d2f9f3d8a84d2f9f3d8a84d2f9f3d8a84d2f9f3d8a84d2f9f3d8a84d2f9f3d8a84d2f9f3d8a84e1/index.html?file=6b94445c94ae495c83a19646e7c3fd56%2Fcontent%2F~6b94445c94ae495c83a19646e7c3fd56%2Fmaster_en_us%2F6b94445c94ae495c83a19646e7c3fd56%2Fhtml%2F6b94445c94ae495c83a19646e7c3fd56%2F~6b94445c94ae495c83a19646e7c3fd56%2Fmaster_en_us%2F6b94445c94ae495c83a19646e7c3fd56%2Fhtml%2F6b94445c94ae495c83a19646e7c3fd56%2F~6b94445c94ae495c83a19646e7c3fd56%2Fmaster_en_us%2F6b94445c94ae495c83a19646e7c3fd56%2Fhtml%2F6b94445c94ae495