What is product hierarchy in SAP CO-PC - Product Cost Controlling?

SAP Term: product hierarchy

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: The structure used for interactive analysis of product costs for each level of the hierarchy. The product hierarchy consists of: Plant Product group Product Order

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• Key Concepts: 
  Product hierarchy is a feature of SAP's CO-PC Product Cost Controlling component. It is used to structure and organize products into a hierarchical tree structure. This structure allows for easier navigation and analysis of product costs. It also allows for the creation of cost centers and cost elements that are linked to the product hierarchy. 
  
  How to use it: 
  Product hierarchy can be used to create a hierarchical tree structure of products. This structure can be used to easily navigate and analyze product costs. It also allows for the creation of cost centers and cost elements that are linked to the product hierarchy. 
  
  Tips & Tricks: 
  When creating a product hierarchy, it is important to consider the different levels of detail that will be needed for each product. This will help ensure that the product hierarchy is organized in a way that makes it easy to navigate and analyze product costs. 
  
  Related Information: 
  For more information on SAP's CO-PC Product Cost Controlling component, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tutorials and tips on how to use this component effectively.