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

SAP Term: conversion group

• Component: IS-OIL-DS-HPM

• Component Name: Hydrocarbon Product Management

• Description: The conversion group defines the conversion routines that will be used in the oil quantity conversion calculations. The conversion group is assigned at material/plant level. The conversion group also defines the material product type crude, product, chemical or lube and the tolerance limits away from the system calculated values for manually entered quantities.

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• Key Concepts: 
  A conversion group is a component of the IS-OIL-DS-HPM Hydrocarbon Product Management module in SAP. It is used to define the conversion factors between different units of measure for hydrocarbon products. This allows for the accurate calculation of product quantities and prices in different units of measure. 
  
  How to use it: 
  To use a conversion group, first create a conversion factor table in the system. This table will contain the conversion factors between different units of measure for hydrocarbon products. Once the table is created, it can be assigned to a conversion group. The conversion group can then be used to calculate product quantities and prices in different units of measure. 
  
  Tips & Tricks: 
  When creating a conversion factor table, make sure to include all relevant units of measure for hydrocarbon products. This will ensure that all calculations are accurate and up-to-date. Additionally, it is important to regularly review and update the conversion factor table as needed. 
  
  Related Information: 
  For more information on using conversion groups in SAP, please refer to the official SAP documentation on IS-OIL-DS-HPM Hydrocarbon Product Management.