What is alternative material cost estimate in SAP CO-PC - Product Cost Controlling?

SAP Term: alternative material cost estimate

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: A cost estimate for a material that is not the standard cost estimate used to calculate the standard price of the material. The modified standard cost estimate and the current cost estimate are alternative material cost estimates.

Smart SAP Assistant

• Key Concepts: 
  Alternative Material Cost Estimate (AMCE) is a feature of SAP's Product Cost Controlling (CO-PC) component. It allows users to create an alternative cost estimate for a material, based on different cost elements and cost drivers. This can be used to compare the estimated costs of different materials and to determine the most cost-effective option.
  
  How to use it: 
  To use the AMCE feature, users must first create a material master record in SAP. This record should include all relevant cost elements and cost drivers. Once the material master record is created, users can then create an alternative cost estimate for the material. This can be done by entering the desired cost elements and cost drivers into the AMCE screen. The system will then calculate the estimated costs for the material based on these inputs.
  
  Tips & Tricks: 
  When creating an alternative cost estimate, it is important to consider all relevant cost elements and cost drivers. This will ensure that the estimated costs are as accurate as possible. Additionally, it is important to keep track of any changes made to the material master record, as these may affect the accuracy of the alternative cost estimate.
  
  Related Information: 
  For more information about using the Alternative Material Cost Estimate feature in SAP's Product Cost Controlling component, please refer to SAP's official documentation or contact your local SAP support team.