What is formula key in SAP PP - Production Planning and Control?

SAP Term: formula key

• Component: PP

• Component Name: Production Planning and Control

• Description: A key used to represent the algorithm for calculating the variable-size item quantity the variable-size item formula.

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• Key Concepts: 
  Formula key is a feature in SAP Production Planning and Control (PP) that allows users to define formulas for calculating the quantity of a material required for production. The formula key is used to determine the quantity of a material based on the quantity of another material, such as a raw material or an intermediate product. 
  
  How to use it: 
  To use the formula key, users must first define the formula in the system. This can be done by entering the formula into the formula field in the formula key. Once the formula is defined, it can be used to calculate the quantity of a material required for production. The formula can also be used to calculate the cost of a material based on its quantity. 
  
  Tips & Tricks: 
  When defining a formula, it is important to ensure that all variables are correctly defined and that all calculations are accurate. It is also important to ensure that the formula is easy to understand and use. 
  
  Related Information: 
  For more information about using the formula key in SAP Production Planning and Control, please refer to SAP Help documentation.