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

SAP Term: 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 a calculation version. It is also used to determine which exchange rates and overhead rules are used in the calculation.

Smart SAP Assistant

• Key Concepts: 
  Valuation date is a term used in Product Lifecycle Costing (PLM-PLC) in SAP. It is the date used to determine the cost of a product or service. The valuation date is used to calculate the cost of a product or service based on the current market value of the materials and labor used to produce it. 
  
  How to use it: 
  In SAP, the valuation date is set when creating a product or service. This date can be changed at any time, but it is important to note that any changes made to the valuation date will affect the cost of the product or service. The valuation date can also be used to compare costs between different products or services. 
  
  Tips & Tricks: 
  When setting the valuation date, it is important to consider the current market value of materials and labor. This will ensure that the cost of the product or service is accurate and up-to-date. Additionally, it is important to keep track of any changes made to the valuation date, as this will affect the cost of the product or service. 
  
  Related Information: 
  For more information on Product Lifecycle Costing (PLM-PLC) in SAP, please refer to SAP's official documentation here: https://help.sap.com/viewer/product/SAP_PLM_PLC/7.5/en-US