What is order settlement in SAP PP - Production Planning and Control?

SAP Term: order settlement

• Component: PP

• Component Name: Production Planning and Control

• Description: The complete or partial crediting of an order. The costs that have accrued to an order are debited to one or more allocation receivers in financial or management accounting.

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• Key Concepts: 
  Order settlement is a process in SAP Production Planning and Control (PP) that allows for the transfer of goods from one order to another. It is used to settle the differences between the planned and actual production orders. This process is also known as order-to-order settlement. 
  
  How to use it: 
  Order settlement is used to transfer goods from one order to another. This process can be used when the actual production order differs from the planned production order. The order settlement process will transfer the goods from the actual production order to the planned production order, thus settling the differences between them. 
  
  Tips & Tricks: 
  When using order settlement, it is important to ensure that all of the necessary data is entered correctly. This includes the quantity of goods being transferred, as well as any other relevant information such as material numbers and cost centers. 
  
  Related Information: 
  Order settlement is closely related to other processes in SAP PP such as material requirements planning (MRP) and capacity requirements planning (CRP). It is also related to other processes such as inventory management and warehouse management.