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Configure Price Strategy – Sales Price Lists in multiple currencies

SAP Business ByDesign offers flexible pricing strategy through business configuration activity Configure Price Strategy, with the feature Currency Dependent Price List in Configure Price Strategy will empowers  companies to maintain multiple currency price list and realize there unique business scenarios.

Business Scenario:

Companies sell consumer products based on pricing that is often psychological.

example: how often you see a Apple iPhone sold at 1000$ in United States and 1000€ in Germany and same model is sold at 1000£ in United Kingdom.

Typically consumer goods are sold in multiple currencies, usually the price is not an exact currency conversion from the base currency and sales pricing is not based on 1:1 currency conversion.

To enable the unique business case mentioned above we provide price tables Currency Dependent Price List and Product Category Dependent Price List as part of configure price strategy of business configuration.

 

Detailed Steps to enable sales price list in multiple currencies:

Step 1: maintain Access Sequence for Price List using the price table Currency Dependent Price  List

  • goto Business ConfigurationOverview
  • search for Configure Price Strategy
  • click on Access Sequences
  • select Price List
  • click on Add Row
  • select price table Currency Dependent Price List
  • click on Save and Close

Step 2: maintain Pricing Group Assignment for Prices using the price table Currency Dependent Price  List as the header price table

  • click on Pricing Group Assignments
  • select Prices
  • click on Add Row
  • select header pricing table as Currency Dependent Price List
  • select the item pricing table as Product- / Service Prices.
  • enter relevant user defined description , example: Currency Dependent Price List
  • click on Save and Close

Step 3: maintain Price Master data in the new custom price table ( currency specific price table )

 

Step 4: create transaction data like sales order , prices should be picked from currency specific custom price list

  • goto Product and Service Portfolio – Price Lists
  • select entry Currency Dependent Price List in the price list dropdown
  • click on New button and select Currency Dependent Price List
  • enter relevant information in general tab
  • Note: there are two currency fields , make sure you enter both fields with same value ( example currency EUR).
  • click on items tab
  • enter the product and price information
  • click on save
  • click on release
  • follow the same steps for creation of another currency ( USD ) specific price list by following above steps.
  • Note: User can create multiple price lists with same key and validity period with different currency ( USD and EUR ).

 

Step 5: create transaction document and test the automatic price determination 

  • create transaction document like sales order (the determination should work in any of the CRM transaction document)
  • in case user has entered USD as currency in sales order, then prices should be picked from USD currency specific price list
  • user changes the currency to EUR in sales order, then prices should be picked from EUR currency specific price list

Step 6: mass maintain currency specific price list using pricing excel template ( this step is required in case of high volume price list maintenance, where there are large number of items whose prices to be maintained and maintenance via UI is difficult and in that case user will use excel to maintain item prices)

  • goto Product and Service Portfolio – Price Lists
  • select entry Currency Dependent Price List in the price list dropdown
  • click on the created price list ( which opens the fact sheet )
  • click on Download 
  • price list excel template along with data gets downloaded
  • open the excel
  • click on tab SAP BUSINESS BYDESIGN ( if its missing in excel , then install the excel addin from Download center)
  • click on Log on
  • enter the system URL , User and password
  • click on Save data to 
  • check the changed data is reflected in UI

Note: with release 1908 its possible to mass maintain price list ( update only ) using pricing excel template (currency specific price list maintenance not possible via migration workbench) .

  • Customer has to first create the price list with general information in Business ByDesign Pricing master data UI (as mentioned in Step 3)
  • Update the price list using pricing excel template (as mentioned in Step 5)
  • Its very useful in case customer want to maintain high volume price list with lot of items in the currency specific price list.

Note: Its possible to maintain Product Category Dependent Price List by following the steps 1 to step 5 mentioned above by selecting the pricing table Currency and Product Category Dependent Price List instead of Currency Dependent Price List.

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