What is 'NFM rate' in SAP IS-MP-NF - Non-Ferrous Metal enhancements?

NFM rate - Overview

• Component: IS-MP-NF

• Component Name: Non-Ferrous Metal enhancements

• Description: The exchange rate of an non-ferrous metal.

NFM rate - Details

• 
  Key Concepts: 
  NFM rate stands for Non-Ferrous Metal rate and is a component of the IS-MP-NF Non-Ferrous Metal enhancements. It is used to calculate the value of non-ferrous metals such as copper, aluminum, and zinc. The NFM rate is based on the current market price of the metal and is updated regularly. 
  
  How to use it: 
  The NFM rate can be used to calculate the value of non-ferrous metals in a variety of ways. For example, it can be used to determine the cost of raw materials for production or to calculate the value of scrap metal. It can also be used to determine the value of non-ferrous metals in a financial transaction. 
  
  Tips & Tricks: 
  It is important to keep track of the current NFM rate in order to ensure accurate calculations. Additionally, it is important to consider other factors such as supply and demand when calculating the value of non-ferrous metals. 
  
  Related Information: 
  The IS-MP-NF Non-Ferrous Metal enhancements are part of SAP's Materials Management (MM) module. The MM module provides tools for managing inventory, purchasing, and production planning. Additionally, it provides tools for tracking and analyzing material costs.