What is collective requirements inventory in SAP CO-PC - Product Cost Controlling?

SAP Term: collective requirements inventory

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: An inventory to be manufactured or that has been manufactured in a make-to-stock production environment. Collective requirements materials are placed into the make-to-stock inventory. In contrast to collective requirements materials, individual requirements materials are carried in the sales order stock or project stock. Whether a material is an individual requirements material or a collective requirements material is specified in the material master.

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• Key Concepts: 
  Collective requirements inventory is a feature of SAP's CO-PC Product Cost Controlling component. It is used to store and manage the collective requirements of a company, such as the cost of materials, labor, and overhead. This information is used to calculate the total cost of a product or service. 
  
  How to use it: 
  Collective requirements inventory can be accessed through the SAP system. It is used to store and manage the collective requirements of a company, such as the cost of materials, labor, and overhead. This information is then used to calculate the total cost of a product or service. The collective requirements inventory can also be used to track changes in costs over time. 
  
  Tips & Tricks: 
  When using collective requirements inventory, it is important to ensure that all data is accurate and up-to-date. This will help ensure that the total cost of a product or service is accurately calculated. Additionally, it is important to regularly review the collective requirements inventory to ensure that all costs are accounted for. 
  
  Related Information: 
  Collective requirements inventory is closely related to other features of SAP's CO-PC Product Cost Controlling component, such as cost centers and cost objects. Additionally, it can be used in conjunction with other features of SAP, such as material master and vendor master.