What is contingency order in SAP CO-PC - Product Cost Controlling?

SAP Term: contingency order

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: A results analysis object that collects the costs of complaints. Results analysis creates reserves for the anticipated costs of the complaints and uses these reserves as costs are incurred.

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• Key Concepts: 
  A contingency order is a type of order in SAP's Product Cost Controlling (CO-PC) component. It is used to plan for future costs that may arise due to unforeseen circumstances. It is a way to ensure that the company has the necessary funds available to cover any unexpected expenses. 
  
  How to use it: 
  Contingency orders are created in the CO-PC component of SAP. They are used to plan for future costs that may arise due to unforeseen circumstances. The order can be set up with a specific budget and timeline, and can be adjusted as needed. The order can also be linked to other orders, such as production orders, so that the contingency order is automatically triggered when certain conditions are met. 
  
  Tips & Tricks: 
  When setting up a contingency order, it is important to consider the potential risks associated with the order and plan accordingly. It is also important to ensure that the budget and timeline are realistic and achievable. Additionally, it is important to monitor the order regularly and adjust it as needed. 
  
  Related Information: 
  For more information on contingency orders in SAP's CO-PC component, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials on how to set up and manage contingency orders in SAP.