What is valuation in SAP QM - Quality Management?

SAP Term: valuation

• Component: QM

• Component Name: Quality Management

• Description: A judgement of an inspection characteristic, based on the inspection result. Entry valuation is used to determine whether the unit considered should be accepted or rejected. The valuation of the inspection characteristics takes place at the following levels, depending on the recording form: Valuation of single values Valuation of absolute frequency of value classes Valuation of samples or inspection points Valuation of the characteristic itself

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• Key Concepts: 
  Valuation in SAP Quality Management (QM) is the process of assigning a value to a material or product based on its quality characteristics. It is used to determine the cost of a product or material based on its quality attributes. Valuation can be used to determine the cost of a product or material based on its quality attributes, such as its durability, reliability, and performance. 
  
  How to use it: 
  In SAP QM, valuation is used to assign a value to a material or product based on its quality characteristics. This value is then used to determine the cost of the product or material. Valuation can be done manually or automatically using SAP QM. Manual valuation requires the user to enter the values for each quality attribute manually, while automatic valuation uses predefined rules and algorithms to assign values automatically. 
  
  Tips & Tricks: 
  When using manual valuation in SAP QM, it is important to ensure that all quality attributes are accurately entered in order to get an accurate valuation result. Additionally, it is important to ensure that all quality attributes are entered in the same unit of measure in order to get an accurate result. 
  
  Related Information: 
  SAP QM also offers other features such as inspection plans, sampling plans, and non-conformance management which can be used in conjunction with valuation to ensure that products and materials meet quality standards. Additionally, SAP QM also offers reporting capabilities which can be used to track and analyze the results of valuation processes.