What is production value in SAP RE-RER - Real Estate Residential Solution?

SAP Term: production value

• Component: RE-RER

• Component Name: Real Estate Residential Solution

• Description: A form to record the progress of contract execution. Production value is used as the proof of payment.

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• Key Concepts: 
  Production value is a term used in the RE-RER Real Estate Residential Solution of SAP. It is a measure of the total value of goods and services produced by a company or organization. It is calculated by multiplying the quantity of goods and services produced by their respective prices. 
  
  How to use it: 
  The production value can be used to measure the performance of a company or organization. It can be used to compare the performance of different companies or organizations in the same industry. It can also be used to compare the performance of a company or organization over time. 
  
  Tips & Tricks: 
  When calculating production value, it is important to take into account all costs associated with producing the goods and services, such as labor, materials, and overhead costs. This will ensure that the production value is an accurate measure of performance. 
  
  Related Information: 
  Production value is closely related to other measures of performance, such as gross profit margin and return on investment. It is also related to economic indicators such as GDP and unemployment rate.