What is storage cost in SAP MA-SMOPS - SmartOps?

SAP Term: storage cost

• Component: MA-SMOPS

• Component Name: SmartOps

• Description: The cost of keeping products in a stocking point.

Smart SAP Assistant

• Key Concepts: 
  Storage cost is a term used in SAP's MA-SMOPS SmartOps component. It refers to the cost associated with storing materials in a warehouse or other storage facility. This cost includes the cost of the facility itself, as well as any labor and other costs associated with storing the materials. 
  
  How to use it: 
  Storage cost can be used to determine the total cost of storing materials in a warehouse or other storage facility. This cost can then be used to determine the optimal storage strategy for a given material or set of materials. 
  
  Tips & Tricks: 
  When calculating storage costs, it is important to consider all associated costs, including labor, facility costs, and any other costs associated with storing the materials. Additionally, it is important to consider the potential benefits of storing materials in different locations, such as reduced shipping costs or improved customer service. 
  
  Related Information: 
  Storage cost is just one of many factors that should be considered when determining an optimal storage strategy. Other factors include inventory levels, demand forecasting, and supply chain optimization. Additionally, SAP's MA-SMOPS SmartOps component provides additional features and tools for optimizing storage strategies.