What is 'factored quantity' in SAP IS-OIL-DS-TSW - Trader's and Scheduler's Workbench?

factored quantity - Overview

• Component: IS-OIL-DS-TSW

• Component Name: Trader's and Scheduler's Workbench

• Description: The quantity calculated pro rata from the weighed quantity and the draft survey quantity.

factored quantity - Details

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  Key Concepts: 
  Factored quantity is a term used in the IS-OIL-DS-TSW Trader's and Scheduler's Workbench component of SAP. It is a quantity that is calculated by multiplying the quantity of a product by a factor. This factor can be used to adjust the quantity of the product to account for different units of measure, such as barrels or gallons. 
  
  How to use it: 
  Factored quantity can be used to adjust the quantity of a product in order to accurately reflect the amount of product being traded. For example, if a trader is trading oil in barrels, they can use the factored quantity to adjust the quantity of oil to reflect the number of gallons in each barrel. 
  
  Tips & Tricks: 
  When using factored quantity, it is important to ensure that the factor used is accurate and up-to-date. This will ensure that the adjusted quantity accurately reflects the amount of product being traded. 
  
  Related Information: 
  Factored quantity is related to other terms used in SAP, such as unit of measure and conversion factor. Unit of measure is used to define the unit in which a product is measured, while conversion factor is used to convert between different units of measure.