What is installation location in SAP PM - Plant Maintenance?

SAP Term: installation location

• Component: PM

• Component Name: Plant Maintenance

• Description: The location at which a piece of equipment is installed. The installation location can be at a superior piece of equipment or at a functional location.

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• Key Concepts: 
  Installation location is a term used in SAP Plant Maintenance (PM) to refer to the physical location of a piece of equipment or machinery. It is used to identify the exact location of the equipment and can be used to track maintenance activities and costs associated with it. 
  
  How to use it: 
  In SAP PM, installation locations are created in the system and assigned to each piece of equipment. This allows users to easily identify the exact location of the equipment and track any maintenance activities associated with it. The installation location can also be used to track costs associated with the equipment, such as labor costs, parts costs, and other expenses. 
  
  Tips & Tricks: 
  When creating installation locations in SAP PM, it is important to ensure that they are accurately identified and assigned to the correct piece of equipment. This will help ensure that all maintenance activities and costs associated with the equipment are tracked correctly. 
  
  Related Information: 
  Installation locations are closely related to other terms in SAP PM such as functional locations, which refer to the functional area where a piece of equipment is located, and cost centers, which are used to track costs associated with a particular piece of equipment or activity.