What is standard value in SAP PP-BD - Basic Data?

SAP Term: standard value

• Component: PP-BD

• Component Name: Basic Data

• Description: A planned value for executing an operation. It can be estimated or calculated using the CAPP standard value calculation. Standard values are used in costing, scheduling, and capacity planning to calculate costs, execution times, and capacity requirements.

Smart SAP Assistant

• Key Concepts: 
  Standard value is a feature in the SAP PP-BD Basic Data component that allows users to set a default value for a field. This value will be automatically populated when the field is used in a transaction. This helps to reduce data entry time and ensure accuracy.
  
  How to use it: 
  To set a standard value, go to the PP-BD Basic Data component in SAP. Select the field you want to set a default value for and enter the desired value. Once saved, this value will be automatically populated when the field is used in a transaction.
  
  Tips & Tricks: 
  When setting standard values, make sure to double-check that the value is correct before saving it. This will help to ensure accuracy and reduce data entry time. Additionally, it is important to keep standard values up-to-date as business needs change.
  
  Related Information: 
  For more information on standard values in SAP PP-BD Basic Data, please refer to the SAP Help documentation. Additionally, there are many online resources available that provide tutorials and tips on using standard values in SAP.