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

SAP Term: price source

• Component: PLM-PLC

• Component Name: Product Lifecycle Costing

• Description: Describes where the price used in a calculation version comes from. For example, a price may originate from a calculated standard price or from a purchasing info record in an SAP ERP system.

Smart SAP Assistant

• Key Concepts: 
  Price source is a feature of SAP Product Lifecycle Costing (PLM-PLC) that allows users to define and manage the cost of a product throughout its lifecycle. It enables users to track the cost of a product from its initial design to its final sale. Price source also allows users to compare the cost of different products and make informed decisions about which product to purchase.
  
  How to use it: 
  To use price source, users must first define the cost of a product by entering the cost of each component into the system. This can be done manually or by importing data from an external source. Once the cost of each component has been entered, users can then track the cost of the product throughout its lifecycle. This includes tracking changes in cost due to changes in production, materials, or other factors.
  
  Tips & Tricks: 
  When using price source, it is important to keep track of all changes in cost throughout the product’s lifecycle. This will help ensure that users are making informed decisions about which products to purchase and when. Additionally, it is important to regularly review and update the cost of each component in order to ensure accuracy.
  
  Related Information: 
  For more information on SAP Product Lifecycle Costing (PLM-PLC), please visit SAP’s website at https://www.sap.com/products/plm-plc.html. Additionally, there are many online resources available that provide detailed information on how to use price source and other features of PLM-PLC.