What is cost component split in SAP PLM-PLC - Product Lifecycle Costing?

SAP Term: cost component split

• Component: PLM-PLC

• Component Name: Product Lifecycle Costing

• Description: A breakdown of costs into units called cost components that provide detailed cost information. Cost component splits can, for example, be used to break down the cost of a material, process, or an activity.

Smart SAP Assistant

• Key Concepts: 
  Cost component split is a feature of SAP's Product Lifecycle Costing (PLM-PLC) module. It allows users to divide the cost of a product into its individual components, such as materials, labor, and overhead. This allows for more accurate cost analysis and better decision-making.
  
  How to use it: 
  To use cost component split, users must first define the cost components they wish to use. This can be done in the PLM-PLC module by selecting the “Cost Component Split” option. Once the cost components have been defined, users can then assign costs to each component. This can be done manually or automatically using the system’s built-in algorithms. 
  
  Tips & Tricks: 
  When using cost component split, it is important to ensure that all costs are accurately assigned to their respective components. This will ensure that the analysis is as accurate as possible. Additionally, it is important to keep track of any changes made to the cost components over time, as this could affect the accuracy of the analysis. 
  
  Related Information: 
  For more information on cost component split and other features of SAP’s Product Lifecycle Costing module, please refer to SAP’s official documentation or contact your local SAP representative.