What is alternative value in SAP MM-IV - Invoice Verification?

SAP Term: alternative value

• Component: MM-IV

• Component Name: Invoice Verification

• Description: An amount determined when an exception situation occurs when the system attempts to determine the LIFO or FIFO value. When the stock on hand of a material to be valuated exceeds the total quantity received, the following options are available to provide an alternative value: Material price Price from last FIFO valuation Recalculation of FIFO price No valuation

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• Key Concepts: 
  Alternative value is a feature in SAP MM-IV Invoice Verification that allows users to enter an alternative value for a material or service item on an invoice. This value can be used to adjust the invoice amount to match the expected value of the item. 
  
  How to use it: 
  To use the alternative value feature, users must first enter the expected value of the item in the “Expected Value” field. Then, they can enter an alternative value in the “Alternative Value” field. This will adjust the invoice amount to match the alternative value. 
  
  Tips & Tricks: 
  When entering an alternative value, make sure that it is within a reasonable range of the expected value. If it is too far off, it may be rejected by the system. 
  
  Related Information: 
  The alternative value feature is part of SAP MM-IV Invoice Verification, which is a module that allows users to verify invoices and ensure that they are accurate and complete. It also provides features such as automatic payment processing and invoice archiving.