What is Manage Rate Tables in SAP TM - Transportation Management?

SAP Term: Manage Rate Tables

• Component: TM

• Component Name: Transportation Management

• Description: An app to create and edit rates centrally to use in contracts with multiple carriers. These rate tables are useful for transportation charges that are frequently needed in multiple freight agreements, for example, loading charges, toll charges, and insurance fees.

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• Key Concepts: 
  Manage Rate Tables is a feature in SAP Transportation Management (TM) that allows users to create, store, and manage rate tables for transportation services. Rate tables are used to define the cost of a transportation service based on various criteria such as distance, weight, and volume. The rate tables can be used to calculate the cost of a shipment and can be used to compare different transportation services. 
  
  How to use it: 
  To use Manage Rate Tables in SAP TM, users must first create a rate table. This can be done by entering the criteria for the rate table such as distance, weight, and volume. Once the criteria have been entered, users can then enter the rates for each criterion. Once the rate table has been created, it can be used to calculate the cost of a shipment. 
  
  Tips & Tricks: 
  When creating a rate table in SAP TM, it is important to ensure that all of the criteria are entered correctly. This will ensure that the rate table is accurate and will help to avoid any errors when calculating the cost of a shipment. Additionally, it is important to keep the rate table up-to-date with any changes in transportation costs or services. 
  
  Related Information: 
  For more information on Manage Rate Tables in SAP TM, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SAP_TRANSPORTATION_MANAGEMENT/7.5/en-US.