What is valuation mode in SAP QM - Quality Management?

SAP Term: valuation mode

• Component: QM

• Component Name: Quality Management

• Description: The method by which samples and inspection characteristics are accepted or rejected.

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• Key Concepts: 
  Valuation mode is a feature in SAP Quality Management (QM) that allows users to determine the value of a material based on its quality characteristics. It is used to calculate the value of a material based on its quality characteristics, such as its physical properties, chemical composition, and other factors. Valuation mode can be used to determine the cost of a material or the price of a product. 
  
  How to use it: 
  Valuation mode is used to determine the value of a material based on its quality characteristics. To use valuation mode, users must first define the quality characteristics of the material and then assign a value to each characteristic. The values can be determined by using an external system or manually entering them into SAP QM. Once all the values have been entered, the system will calculate the total value of the material. 
  
  Tips & Tricks: 
  When using valuation mode, it is important to ensure that all quality characteristics are accurately defined and that all values are correctly entered into SAP QM. This will ensure that the system calculates an accurate value for the material. Additionally, it is important to keep track of any changes made to the quality characteristics or values as these can affect the total value of the material. 
  
  Related Information: 
  For more information about valuation mode in SAP QM, please refer to SAP Help documentation or contact your local SAP support team. Additionally, there are many online resources available that provide detailed information about how to use valuation mode in SAP QM.