What is historical value in SAP PP - Production Planning and Control?

SAP Term: historical value

• Component: PP

• Component Name: Production Planning and Control

• Description: A past consumption value used in the forecast to calculate future values. By using smoothing factors, historical values can be weighted. Values in the near past are more important in the forecast than values in the distant past.

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• Key Concepts: 
  Historical value in SAP Production Planning and Control (PP) is a term used to describe the value of a material or resource that was used in a previous production order. This value is used to compare the current cost of the material or resource with the cost of the same material or resource in the past. This comparison helps to identify any changes in cost and can be used to make decisions about future production orders. 
  
  How to use it: 
  In SAP PP, historical values are stored in the system and can be accessed by going to the “Historical Values” tab in the “Material Master” screen. Here, users can view the historical values for each material or resource used in a production order. The values are displayed in a table format and can be sorted by date, material, or resource. 
  
  Tips & Tricks: 
  When viewing historical values, it is important to note that the values may not always be accurate due to changes in market prices or other factors. It is also important to remember that historical values are only available for materials and resources that have been used in previous production orders. 
  
  Related Information: 
  For more information on historical values in SAP PP, please refer to the SAP Help Portal at https://help.sap.com/viewer/product/SAP_PP/6.0/en-US.