What is release in SAP CO-PC - Product Cost Controlling?

SAP Term: release

• Component: CO-PC

• Component Name: Product Cost Controlling

• Description: An organizational measure in material costing. When you release a standard cost estimate for a material, the results of the cost estimate are written to the material's master record as the current planned price and the current standard price. A standard cost estimate must be marked before it can be released.

Smart SAP Assistant

• Key Concepts: 
  Release in SAP CO-PC Product Cost Controlling is a process of approving changes to the cost estimates of a product or service. It is used to ensure that the cost estimates are accurate and up-to-date. The release process involves the approval of changes by a designated authority, such as a manager or supervisor. Once approved, the changes are implemented in the system and become part of the cost estimate.
  
  How to use it: 
  In order to use the release process in SAP CO-PC Product Cost Controlling, the user must first create a cost estimate for the product or service. This can be done by entering the relevant data into the system, such as material costs, labor costs, overhead costs, etc. Once the cost estimate is created, it can be released by an authorized user. The user must select the “Release” option from the menu and enter their authorization code. Once released, the cost estimate will be updated with any changes that were approved.
  
  Tips & Tricks: 
  When using the release process in SAP CO-PC Product Cost Controlling, it is important to ensure that all changes are properly documented and approved by an authorized user. This will help to ensure that all changes are accurately reflected in the cost estimate and that no unauthorized changes are made. Additionally, it is important to keep track of all releases so that any discrepancies can be quickly identified and addressed.
  
  Related Information: 
  For more information on using the release process in SAP CO-PC Product Cost Controlling, please refer to SAP’s official documentation on the topic. Additionally, there are many online resources available that provide detailed instructions on how to use this feature in SAP CO-PC Product Cost Controlling.