What is conversion factor in SAP IS-OIL-DS-HPM - Hydrocarbon Product Management?

SAP Term: conversion factor

• Component: IS-OIL-DS-HPM

• Component Name: Hydrocarbon Product Management

• Description: A number which, when multiplied by the vehicle meter reading, calculates the quantity of product being transported. The conversion factor is used in Transportation and Distribution, when for example product is being transported in a vehicle. It is a number, for example 1,000, which, when multiplied by the vehicle meter reading, indicates the actual quantity of product delivered.

Smart SAP Assistant

• Key Concepts: 
  Conversion factor is a term used in the IS-OIL-DS-HPM Hydrocarbon Product Management component of SAP. It is a numerical value used to convert one unit of measure into another. For example, it can be used to convert liters into gallons or kilograms into pounds. 
  
  How to use it: 
  The conversion factor is used to convert one unit of measure into another. This is done by multiplying the original value by the conversion factor. For example, if you have a value in liters and you want to convert it to gallons, you would multiply the value by the conversion factor for liters to gallons. 
  
  Tips & Tricks: 
  When using conversion factors, it is important to make sure that you are using the correct conversion factor for the units of measure that you are converting. Additionally, it is important to make sure that you are using the correct formula for the conversion. 
  
  Related Information: 
  The IS-OIL-DS-HPM Hydrocarbon Product Management component of SAP contains a variety of other terms related to conversion factors, such as density, volume, and mass. Additionally, there are other components of SAP that contain information related to conversion factors, such as the IS-OIL-DS-HPM Hydrocarbon Product Management component.