What is lifecycle valuation date in SAP PLM-PLC - Product Lifecycle Costing?

SAP Term: lifecycle valuation date

• Component: PLM-PLC

• Component Name: Product Lifecycle Costing

• Description: The date used to determine the prices used for materials, activities, and other item categories in the lifecycle versions in a project. It is also used to determine which exchange rates and overhead rules are used.

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• Key Concepts: 
  Lifecycle valuation date is a term used in SAP Product Lifecycle Costing (PLM-PLC). It is the date used to determine the cost of a product throughout its lifecycle. This date is used to calculate the cost of a product from its inception to its end of life. 
  
  How to use it: 
  The lifecycle valuation date is used to calculate the cost of a product throughout its lifecycle. This date is set when the product is created and can be changed at any time. The cost of the product is calculated based on the lifecycle valuation date and any changes that occur during the product's lifecycle. 
  
  Tips & Tricks: 
  It is important to keep track of the lifecycle valuation date for each product in order to accurately calculate the cost of the product throughout its lifecycle. It is also important to update the lifecycle valuation date when changes occur in order to ensure that the cost calculations are accurate. 
  
  Related Information: 
  The lifecycle valuation date is an important concept in SAP Product Lifecycle Costing (PLM-PLC). It is used to calculate the cost of a product throughout its lifecycle and should be updated when changes occur. For more information on SAP Product Lifecycle Costing, please refer to SAP's official documentation.