What is calculation in SAP PLM-PLC - Product Lifecycle Costing?

SAP Term: calculation

• Component: PLM-PLC

• Component Name: Product Lifecycle Costing

• Description: Represents a product, a quotation, or any other entity for which costs are to be calculated. Each calculation has at least one version which contains the costing structure and costs. A calculation can have an unlimited number of calculation versions. The calculation name and the controlling area are defined for the entire calculation and therefore apply to all versions. All other data such as total quantity, costing structure, costs can differ between calculation versions.

Smart SAP Assistant

• Key Concepts: 
  Product Lifecycle Costing (PLM-PLC) is a tool within SAP that allows users to calculate the cost of a product throughout its entire lifecycle. This includes the cost of production, maintenance, and disposal. It also takes into account the cost of materials, labor, and other resources used in the production process. 
  
  How to use it: 
  To use PLM-PLC, users must first enter the product's data into the system. This includes information such as the product's name, description, and cost. Once this data is entered, users can then use the calculation feature to determine the total cost of the product throughout its lifecycle. The system will then generate a report that shows the total cost of the product over its entire lifecycle. 
  
  Tips & Tricks: 
  When using PLM-PLC, it is important to ensure that all data entered into the system is accurate and up-to-date. This will help ensure that the calculations are accurate and that the report generated is reliable. Additionally, it is important to keep track of any changes made to the product's data over time, as this can affect the accuracy of the calculations. 
  
  Related Information: 
  In addition to Product Lifecycle Costing (PLM-PLC), SAP also offers other tools for calculating costs such as Cost Center Accounting (CO-CCA) and Activity Based Costing (CO-ABC). These tools can be used in conjunction with PLM-PLC to provide a more comprehensive view of a product's total cost throughout its lifecycle.