What is defect valuation in SAP QM - Quality Management?

SAP Term: defect valuation

• Component: QM

• Component Name: Quality Management

• Description: A quantitative measurement for the evaluation of a defect. Defects can be quantitatively valuated based on: Nonconformity costs Damage potential

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• Key Concepts: 
  Defect valuation is a Quality Management (QM) component in SAP that allows users to assign a value to a defect. This value is used to calculate the cost of the defect and can be used to determine the severity of the defect. The value assigned to a defect can be based on factors such as the cost of repair, the cost of replacement, or the cost of lost production. 
  
  How to use it: 
  In order to use defect valuation, users must first define a valuation profile in SAP. This profile will contain all of the necessary information for calculating the value of a defect. Once this profile is created, users can assign values to defects by entering them into the system. The system will then calculate the total cost of the defect based on the values entered. 
  
  Tips & Tricks: 
  When creating a valuation profile, it is important to consider all potential costs associated with a defect. This will ensure that all costs are taken into account when calculating the total cost of a defect. Additionally, it is important to keep track of any changes made to the valuation profile as these changes may affect the total cost of a defect. 
  
  Related Information: 
  For more information on defect valuation in SAP, please refer to SAP's official documentation on Quality Management (QM). Additionally, there are many online resources available that provide detailed tutorials and best practices for using defect valuation in SAP.