What is dynamic modification valuation in SAP QM - Quality Management?

SAP Term: dynamic modification valuation

• Component: QM

• Component Name: Quality Management

• Description: The valuation of the inspection lot for lot-based dynamic modification. This valuation is made according to the valuations of all the inspection characteristics. The dynamic modification valuation does not have to correspond with the valuation based on the usage decision.

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• Key Concepts: 
  Dynamic modification valuation is a Quality Management (QM) component in SAP that allows users to modify the valuation of goods and services in real-time. This feature enables users to adjust the value of goods and services based on current market conditions, allowing for more accurate pricing and better decision-making.
  
  How to use it: 
  Dynamic modification valuation can be used in SAP by accessing the QM module. Once in the module, users can select the “Dynamic Modification Valuation” option from the menu. This will open a window where users can enter the desired values for goods and services. The system will then automatically adjust the values based on current market conditions.
  
  Tips & Tricks: 
  When using dynamic modification valuation, it is important to remember to regularly check and update the values as market conditions can change quickly. Additionally, it is important to ensure that all values are entered correctly as incorrect values can lead to inaccurate pricing and decision-making.
  
  Related Information: 
  Dynamic modification valuation is just one of many features available in SAP’s Quality Management module. Other features include quality inspection, quality control, and quality assurance. Additionally, SAP also offers a variety of other modules such as Materials Management, Production Planning, and Sales & Distribution.