What is 'governing weights' in SAP LO-AGR-CC - Commodity Contracts, Expenses, Basic Functions?

governing weights - Overview

• Component: LO-AGR-CC

• Component Name: Commodity Contracts, Expenses, Basic Functions

• Description: The weight determination used for contract fulfillment and settlement as per the contract terms.

governing weights - Details

• 
  Key Concepts: 
  Governing weights are used in the LO-AGR-CC Commodity Contracts, Expenses, Basic Functions component of SAP to determine the weight of a particular commodity contract. This weight is used to calculate the total cost of a contract and to determine the amount of money that must be paid for each contract. 
  
  How to use it: 
  Governing weights are set up in the SAP system by entering the weight of each commodity contract into the system. This weight is then used to calculate the total cost of a contract and to determine the amount of money that must be paid for each contract. 
  
  Tips & Tricks: 
  It is important to ensure that the governing weights are accurate and up-to-date in order to ensure that the total cost of a contract is calculated correctly. It is also important to ensure that all contracts have a governing weight assigned to them in order for the system to accurately calculate the total cost of a contract. 
  
  Related Information: 
  For more information on governing weights and how they are used in SAP, please refer to the SAP Help documentation. Additionally, there are many online resources available that provide detailed information on how to set up and use governing weights in SAP.