What is rate change process in SAP (TM - Transportation Management)?

SAP Term: rate change process

• Component: TM

• Component Name: Transportation Management

• Description: The process of changing rates for an existing freight agreement. Both carrier and shipper are involved in this process.

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• Key Concepts: 
  The rate change process in SAP Transportation Management (TM) is a feature that allows users to manage and update their freight rates. It enables users to create, modify, and delete rate records, as well as to view and compare different rates. The rate change process also allows users to define the conditions under which a rate is applicable, such as the origin and destination of the shipment, the mode of transport, and the type of goods being shipped. 
  
  How to use it: 
  To use the rate change process in SAP TM, users must first create a rate record. This can be done by entering the relevant information into the system, such as the origin and destination of the shipment, the mode of transport, and the type of goods being shipped. Once this information is entered, users can then define the applicable rate for each condition. Finally, users can save their changes and activate the rate record. 
  
  Tips & Tricks: 
  When creating a rate record in SAP TM, it is important to ensure that all relevant information is entered accurately. This will help ensure that the correct rate is applied when a shipment is processed. Additionally, it is important to keep track of any changes made to existing rate records so that they can be easily accessed in the future. 
  
  Related Information: 
  For more information on using the rate change process in SAP TM, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials on how to use this feature.