Price
Quotation (in the ERP System) 
Definition
The agreed value of a commodity is described as a price quotation. Price quotations are determined and published by stock exchanges or agencies, such as Platts and Reuters.
Use
To store price quotations in the master data of your system, you can proceed as follows:
· You can create and change a price quotation manually.
· You can use the external partner program of your data provider to import price quotations into the ERP system. Various data providers are certified for the datafeed interface that SAP delivers in the ERP system.
Structure
· Price quotations differ according to their source, type, and name and are created for a given quotation date and time.
· You can use an indicator to specify that no quotation is expected on a particular date. You do not expect any quotations when the stock exchange is closed.
· When you create or import the price quotation, the system automatically uses the predefined values for the currency, price unit, and unit of measure that you stored in Customizing for the quotation name .
Integration
You can replicate the price quotations in a CRM system.
Example
Price Quotation
Attribute |
Value |
Description |
Source |
PL |
Platts agency |
Type of Quotation |
H |
Highest quotation |
Quotation Name |
Brent (dated) |
Crude oil from the North Sea |
Date of Price Quotation |
05.01.2005 |
|
Price Quotation |
51.03 |
|
Currency of Quotation |
USD |
U.S. dollar |
Price Unit of Quotation |
1 |
|
UoM of Quotation |
BBL |
Barrel |
See also:
Archiving Object
CPE_PRQUOTData Exchange of Price Quotations