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

SAP Term: price

• Component: PLM-PLC

• Component Name: Product Lifecycle Costing

• Description: The price or cost of materials or other items. This includes, for example, the purchase price for raw materials, the price for activities and processes, and the calculated price for assemblies.

Smart SAP Assistant

• Key Concepts: 
  Price is a key component of Product Lifecycle Costing (PLM-PLC) in SAP. It is used to determine the cost of a product throughout its lifecycle, from design to production to distribution. Price is calculated based on the cost of materials, labor, overhead, and other factors. It is also used to set the selling price of a product. 
  
  How to use it: 
  In SAP, price is used to calculate the cost of a product throughout its lifecycle. This includes the cost of materials, labor, overhead, and other factors. The price can then be used to set the selling price of the product. 
  
  Tips & Tricks: 
  When setting the price for a product in SAP, it is important to consider all costs associated with the product’s lifecycle. This includes not only the cost of materials and labor but also overhead costs such as marketing and distribution. 
  
  Related Information: 
  For more information on Product Lifecycle Costing (PLM-PLC) in SAP, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_PLM_PLC/7.5/en-US