What is lot size in SAP SCM-APO-MD - Master Data?

SAP Term: lot size

• Component: SCM-APO-MD

• Component Name: Master Data

• Description: Quantity to be produced or to be procured. The lot size is used as a criterion for selecting the production process model or for selecting PPM BOMs and routings.

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• Key Concepts: 
  Lot size is a term used in SAP SCM-APO-MD Master Data to refer to the minimum quantity of a product that must be ordered or produced in order to be cost-effective. It is used to determine the most efficient production and ordering quantities for a given product. 
  
  How to use it: 
  Lot size can be set up in SAP SCM-APO-MD Master Data by entering the desired minimum quantity for a given product. This will then be used to determine the most cost-effective production and ordering quantities for that product. 
  
  Tips & Tricks: 
  When setting up lot size in SAP SCM-APO-MD Master Data, it is important to consider the cost of production and ordering for each product. This will help ensure that the lot size is set up in a way that is cost-effective for the business. 
  
  Related Information: 
  Lot size is closely related to other SAP SCM-APO-MD Master Data terms such as safety stock, lead time, and reorder point. Understanding how these terms interact with each other can help ensure that lot size is set up in an optimal way.