What is quantity variance in SAP MM - Materials Management?

SAP Term: quantity variance

• Component: MM

• Component Name: Materials Management

• Description: The difference between target planned or budgeted costs and actual costs resulting from a difference between the planned and actual quantity of a material.

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• Key Concepts: 
  Quantity variance is a term used in SAP Materials Management (MM) to describe the difference between the quantity of goods ordered and the quantity of goods actually received. This variance is calculated by subtracting the ordered quantity from the received quantity. 
  
  How to use it: 
  In SAP MM, quantity variance is used to track discrepancies between the ordered and received quantities of goods. This information can be used to identify potential problems with suppliers or other issues that may arise during the ordering process. 
  
  Tips & Tricks: 
  It is important to monitor quantity variance on a regular basis in order to ensure that orders are being fulfilled correctly and that any discrepancies are addressed quickly. Additionally, it is important to ensure that all orders are accurately recorded in SAP MM in order to accurately track quantity variance. 
  
  Related Information: 
  Quantity variance is closely related to price variance, which is the difference between the price of goods ordered and the price of goods actually received. Both of these terms are important for tracking discrepancies in orders and ensuring that suppliers are providing accurate information.