What is valuation code in SAP PM - Plant Maintenance?

SAP Term: valuation code

• Component: PM

• Component Name: Plant Maintenance

• Description: A standardized code entered in addition to the measurement reading for valuation of the reading. In certain cases, the input of a valuation code can be enough. &EXAMPLE& Measurement reading: 1.2,,ValCode: 0001,,Measurement reading OK Measurement reading: 0.9,,ValCode: 0002,,Measurement reading not OK

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• Key Concepts: 
  Valuation codes are used in the Plant Maintenance (PM) component of SAP to assign a value to a particular item or material. This value is then used to calculate the cost of the item or material when it is used in a maintenance activity. Valuation codes are also used to determine the depreciation rate of an item or material over time. 
  
  How to use it: 
  Valuation codes can be assigned to items or materials in the PM component of SAP. To do this, go to the “Valuation” tab in the PM component and select “Create Valuation Code”. Enter the details of the item or material, such as its name, description, and value, and then click “Save”. The valuation code will then be assigned to the item or material. 
  
  Tips & Tricks: 
  When assigning a valuation code to an item or material, it is important to ensure that the value entered is accurate and up-to-date. This will ensure that the cost of the item or material is accurately calculated when it is used in a maintenance activity. 
  
  Related Information: 
  For more information on valuation codes in SAP PM, please refer to the SAP Help Portal (https://help.sap.com/viewer/product/SAP_PLANT_MAINTENANCE/7.5/en-US).