What is order hierarchy in SAP CO - Controlling?

SAP Term: order hierarchy

• Component: CO

• Component Name: Controlling

• Description: Hierarchy used to summarize the values in orders level by level. The individual levels of the hierarchy are defined by characteristics such as controlling area, plant, and business area.

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• Key Concepts: 
  Order hierarchy is a feature of SAP Controlling (CO) that allows users to structure orders into a hierarchical tree. This tree structure allows users to easily view and manage the relationships between orders, as well as to quickly identify the parent and child orders. The order hierarchy also enables users to assign costs and revenues to the parent order, while still allowing for the individual costs and revenues of each child order to be tracked. 
  
  How to use it: 
  In order to use the order hierarchy feature, users must first create a parent order. This can be done by entering the relevant data into the appropriate fields in the SAP system. Once the parent order has been created, users can then create child orders that are linked to the parent order. This is done by selecting the parent order from a drop-down list when creating the child order. 
  
  Tips & Tricks: 
  When creating an order hierarchy, it is important to ensure that all of the orders are correctly linked together. This can be done by double-checking that each child order is linked to its correct parent order. Additionally, it is important to ensure that all of the relevant data is entered correctly when creating each order, as this will ensure that all of the costs and revenues are accurately assigned. 
  
  Related Information: 
  For more information on using the order hierarchy feature in SAP Controlling (CO), please refer to SAP’s official documentation on the topic. Additionally, there are many online tutorials and videos available that provide step-by-step instructions on how to use this feature.