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cleanFiles/bookmap_SAP_Commodity_Management_Solution_for_Oil__en-US_learning-sap-com_lsc-prod.zip (MMCP-DROPZONE) - 2025-03-17T13:06:31.000Z

Forecasting Quotation

<div id="content"><div class="parentsection"><div class="section"><div class="kalturaVideoLessonWrapper"><div aria-label="" class="kalturaVideoLessonContainer" data-testid="video" id="1_3zmm5tfv"></div></div></div></div><div class="parentsection"><div class="section"><div tabindex="0"><h3>Lesson Summary</h3></div><div class="formalblock"><p tabindex="0">In this video you've learned:</p></div><ul style="list-style-type:disc"><li tabindex="0"><strong>Nearby Maturity Rule:</strong> Utilizes nearby maturity to determine prices, replacing commodity curves for more accurate future pricing.</li><li tabindex="0"><strong>Credit Check Functionality:</strong>Ensures sales orders do not exceed credit limits, using forecasted prices for future periods.</li><li tabindex="0"><strong>Price Evaluation:</strong> Enables provisional billing and final billing adjustments based on updated price data.</li><li tabindex="0"><strong>Curve Options:</strong>Offers linear and calculated curves using historical data and interpolation for precise future pricing.</li><li tabindex="0"><strong>Grid Master Utilization:</strong> Allows customization of price behaviour through graphical design and grid master settings.</li></ul></div></div></div>

Quotation Forecast

SAP Commodity Management Solution for Oil & Gas and Metals & Mining

SAPIndustry_Day2_Part3.mp4

Cotisan forecast is something which I'll quickly try to run through in the next five minutes. In a nutshell, what quotation forecast has been is we used to have commodity curves, which I explained earlier. We used to have commodity curve and the system used to read the dates and the commodity curve, whether it goes flat backward or flat forward to pick up the prices. but now we're using nearby maturity rules to read the prices. For instance, you will have quotasance grid like this in future. And based on these grids, the nearby maturity now will read what will be the price on a certain day in between this. So if the date falls within this range, then the nearby maturity will go to the next price for that mat key date and bring up the prices. Okay, and these are required during the period and evaluation and the credit check. For instance, if my sales order is created, which has a future period, then definitely I'll need some prices for that period, the right price to do the credit check whether the customer passes the credit check or not. So for all those checks, we'll need the quotas and forecast prices that can be picked up. create any valuation we can run the provisional to final prices using the provisional price i can create a provisional billing and when my final prices are available if my quotation periods are final then i can run the final billing which does the delta of the final price and the provisional price provisional billing that i already built Suraj, hi, Surrey, I have part here. So, sorry to interrupt you in between the past for commodity curves. In Techmaster, we can define read back and get the last available quotations. Or you can also do the read forward for the next available quotation and bring up that price. Hey, Surud, I think there was a question. The same thing. That's the same thing what we discussed. So, Nikol, do you want to add something on this market prices in the curves? Hey, can you hear me? I'm not on mute. Can anyone hear me? Yeah, we can hear you. Yeah, we can hear you. Yes, Nicol. Okay. So, sorry. Yeah, I think there was a question also in between. Not sure. Yeah, yes, Nikil. Avtaar here. Are you able to hear me? Yeah. So you're not, what happened earlier I didn't hear anything now I can hear you as I'm sorry you had any questions earlier you can just put up the questions now if you want to yeah just want to know more about the credit block like how it works in the quotation okay so credit check is an in-built functionality from SAP side right if there's any credit check activated then and if the value of the order exceeds the value. So, for instance, we have a customer and I want to limit the credit to $100,000. And if the value goes below that threshold, then definitely I would like the order to be stopped from billing or I would like it to not proceed, right? So if I have my up-to-date quotasant forecasted price, I can get the right price for the future periods. For instance, my sales order is for next month, and I can get the price, okay, next month the prices are going to high, and the total value exceeds the threshold value for that customer. Then I would ask for a prepayment, right, because the create check has failed. So that's why it can be helpful. So I think, Suraj, you also asked me a question, right, on the curves? Yeah, I mean, is there anything you want to add on this course? because we don't use this kind of curve more frequently now because we are using the nearby maturity rules. Right. I mean, but in, yeah, so just to add on to this in certain cases, right, customers would want a more calculated curve. So in CPE, now we have two options in this regard. One is what Zoolage already explained, that the nearby maturity selection and, And it used off the prices without using a curve, which means it just uses whatever price was available on a last working day, and it, you know, forms a linear curve. But you also have an ability based on looking on historical prices, a readback functionality, to be precise. And based on that, and we have certain interpolation, extrapolation functionalities available in this curvemaster screen. where it can just based on a predefined logic it would come up with a certain price in future and you know those can also be leveraged within cp pricing yeah yeah for instance between these two grades you can either go uh like this flat here and then reaching here or you can go flat here coming backward and then going down right i mean looking future and then meeting the grades so there are different ways you're can meet the grids using a tank master if you want the prices to behave in a certain manner. So these are the same graphical designs of the same prices.