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How the Price determination process works in SAP-MM?

SAP Modules Interview Question
SAP Modules Interview Question

Answer:

Price determination process: Create a Price schema Add a condition type if required Asssign Access sequence to the condition type. Create a condition table and specify flds required. Create a cond. rec. The price schema for the particular mat. has a cond type. This pricing will trigger the Price determination process. Basically the access sequence assigned to the cond type will search the cond table to find the particular cond. rec. and determin the price.

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