What is consumption object in SAP PSM-FM-BU - Budgeting and Availability Control?

SAP Term: consumption object

• Component: PSM-FM-BU

• Component Name: Budgeting and Availability Control

• Description: WBS element which determines the level at which the availability control run takes place.

Smart SAP Assistant

• Key Concepts: 
  A consumption object is a component of the Budgeting and Availability Control (PSM-FM-BU) module in SAP. It is used to track the availability of resources and to ensure that the budget is not exceeded. It is also used to monitor the usage of resources and to ensure that they are used efficiently. 
  
  How to use it: 
  The consumption object is used to track the availability of resources and to ensure that the budget is not exceeded. It can be used to monitor the usage of resources and to ensure that they are used efficiently. The consumption object can be set up in SAP by creating a budget plan, which will define the budget for each resource. The budget plan can then be monitored using the consumption object. 
  
  Tips & Tricks: 
  When setting up a budget plan, it is important to consider the cost of each resource and how much of it will be consumed. This will help ensure that the budget is not exceeded and that resources are used efficiently. Additionally, it is important to regularly monitor the usage of resources and adjust the budget plan accordingly. 
  
  Related Information: 
  For more information on setting up a budget plan in SAP, please refer to the SAP Help documentation. Additionally, there are many online tutorials available which provide step-by-step instructions on how to set up a budget plan in SAP.