What is price alternative in SAP XAP-CQM - Cost and Quotation Management (SAP xCQM)?

SAP Term: price alternative

• Component: XAP-CQM

• Component Name: Cost and Quotation Management (SAP xCQM)

• Description: A price option displayed to users in the conflict resolution environment. SAP xCQM allows you to retrieve costs and prices from various sources such as contracts, purchase orders, and so on.

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• Key Concepts:
  Price alternative is a feature of SAP xCQM that allows users to create multiple pricing scenarios for a given product or service. It enables users to compare different pricing options and select the most suitable one. Price alternatives can be based on different criteria such as cost, profit, or customer preferences.
  
  How to use it:
  To use the price alternative feature in SAP xCQM, users must first create a pricing scenario. This involves setting up the criteria for the pricing scenario, such as cost, profit, or customer preferences. Once the criteria have been set, users can then create multiple price alternatives based on these criteria. The user can then compare the different price alternatives and select the most suitable one.
  
  Tips & Tricks:
  When creating a pricing scenario in SAP xCQM, it is important to consider all possible factors that could affect the pricing of a product or service. This includes factors such as market conditions, customer preferences, and competitor prices. Additionally, it is important to consider any discounts or promotions that may be available when creating a pricing scenario.
  
  Related Information:
  SAP xCQM also offers other features such as cost analysis and quotation management. These features can be used in conjunction with the price alternative feature to further optimize pricing scenarios. Additionally, SAP xCQM offers integration with other SAP modules such as SAP ERP and SAP CRM, which can be used to further enhance pricing scenarios.