What is variant matrix in SAP PLM-PLC - Product Lifecycle Costing?

SAP Term: variant matrix

• Component: PLM-PLC

• Component Name: Product Lifecycle Costing

• Description: A set of variants created for a calculation version. The matrix allows you to create, calculate, and maintain variants for a configurable product.

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• Key Concepts: 
  Variant matrix is a feature of SAP Product Lifecycle Costing (PLM-PLC) that allows users to create and manage cost structures for different product variants. It enables users to define cost elements, such as material costs, labor costs, and overhead costs, for each variant. The variant matrix also allows users to assign different cost elements to different variants, allowing for more accurate cost calculations.
  
  How to use it: 
  To use the variant matrix, users must first create a cost structure for each variant. This can be done by defining the cost elements and assigning them to the appropriate variant. Once the cost structure is created, users can then enter the actual costs associated with each cost element. The variant matrix will then calculate the total cost of each variant based on the entered data.
  
  Tips & Tricks: 
  When creating a cost structure for a variant, it is important to ensure that all relevant cost elements are included. This will ensure that the total cost of the variant is accurately calculated. Additionally, it is important to keep track of any changes made to the cost structure, as this can affect the accuracy of the total cost calculation.
  
  Related Information: 
  For more information on SAP Product Lifecycle Costing (PLM-PLC), please refer to SAP's official documentation. Additionally, there are many online resources available that provide detailed tutorials on how to use the variant matrix feature in SAP PLM-PLC.