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

SAP Term: individual requirements inventory

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: An inventory of materials to be manufactured or that have been manufactured in a sales-order production environment or in an engineer-to-order environment. Individual requirements materials are manufactured for the sales order stock or project stock. They are not placed into the make-to-stock inventory. In contrast to individual requirements materials, collective requirements materials are carried in the make-to-stock inventory. 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: 
  Individual requirements inventory is a component of SAP's Product Cost Controlling (CO-PC) module. It is used to track the costs associated with individual customer orders and projects. It allows companies to accurately track the costs of each order and project, as well as the total cost of all orders and projects. This helps companies to better manage their costs and ensure that they are not overspending on any particular order or project. 
  
  How to use it: 
  The individual requirements inventory component of SAP's Product Cost Controlling module can be used to track the costs associated with individual customer orders and projects. It allows companies to enter the cost of each order or project into the system, as well as the total cost of all orders and projects. This information can then be used to analyze the costs associated with each order or project, as well as the total cost of all orders and projects. 
  
  Tips & Tricks: 
  When using the individual requirements inventory component of SAP's Product Cost Controlling module, it is important to ensure that all costs associated with each order or project are accurately entered into the system. This will help ensure that companies are not overspending on any particular order or project. Additionally, it is important to regularly review the data in the system to ensure that all costs are being accurately tracked. 
  
  Related Information: 
  The individual requirements inventory component of SAP's Product Cost Controlling module is closely related to other components of the module, such as cost center accounting and profitability analysis. Additionally, it is important to note that this component can be used in conjunction with other modules, such as Materials Management and Sales & Distribution, in order to provide a more comprehensive view of a company's costs.