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

SAP Term: raw material cost estimate

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: A cost estimate for a raw material or material component. This cost estimate uses a price from the purchasing data purchasing info record or purchase order. Delivery costs such as freight costs are included. Overhead and process costs are calculated. Additive costs are included.

Smart SAP Assistant

• Key Concepts: 
  Raw material cost estimate is a component of SAP's Product Cost Controlling (CO-PC) module. It is used to calculate the cost of raw materials used in the production process. This cost estimate includes the cost of purchasing, storing, and using the raw materials. 
  
  How to use it: 
  The raw material cost estimate is used to determine the total cost of raw materials for a given production process. This cost estimate can be used to compare different production processes and identify the most cost-effective option. The raw material cost estimate can also be used to set pricing for products and services. 
  
  Tips & Tricks: 
  When using the raw material cost estimate, it is important to consider all factors that may affect the cost of raw materials, such as taxes, shipping costs, and storage costs. Additionally, it is important to consider any discounts or special offers that may be available when purchasing raw materials. 
  
  Related Information: 
  The raw material cost estimate is just one component of SAP's Product Cost Controlling module. Other components include overhead costs, labor costs, and fixed costs. Additionally, SAP's Product Cost Controlling module can be used to analyze product profitability and identify areas for improvement.