What is valuation rule in SAP QM - Quality Management?

SAP Term: valuation rule

• Component: QM

• Component Name: Quality Management

• Description: A function for determining the valuation.

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• Key Concepts: 
  Valuation rule in SAP Quality Management (QM) is a set of criteria used to determine the value of a material or product. It is used to assign a value to a material or product based on its quality characteristics. The valuation rule can be used to determine the price of a material or product, or to determine the amount of scrap that should be produced. 
  
  How to use it: 
  Valuation rules are created in the SAP system and can be assigned to materials or products. The valuation rule is then used to determine the value of the material or product based on its quality characteristics. The valuation rule can also be used to determine the amount of scrap that should be produced. 
  
  Tips & Tricks: 
  When creating a valuation rule, it is important to consider the quality characteristics of the material or product that will be evaluated. This will ensure that the valuation rule is accurate and will provide an accurate value for the material or product. 
  
  Related Information: 
  Valuation rules are part of SAP Quality Management (QM). Other components of QM include Quality Inspection, Quality Notifications, and Quality Certificates. These components are used together with valuation rules to ensure that materials and products meet quality standards.