What is 'estimated cost' in SAP SRD-FIN-INV - FIN-Inventory?

estimated cost - Overview

• Component: SRD-FIN-INV

• Component Name: FIN-Inventory

• Description: A cost type that can be calculated in material costing and stored for information purposes until it is transferred into inventory cost.

estimated cost - Details

• 
  Key Concepts: 
  Estimated cost is a feature of SAP's Inventory Management component that allows users to estimate the cost of goods and services. This feature helps users to plan and budget for future purchases, as well as to track the actual costs of goods and services. 
  
  How to use it: 
  Estimated cost can be used in a variety of ways. For example, it can be used to estimate the cost of goods and services before they are purchased, or to track the actual costs of goods and services after they have been purchased. It can also be used to compare estimated costs with actual costs, allowing users to identify any discrepancies. 
  
  Tips & Tricks: 
  When using estimated cost, it is important to ensure that all relevant information is included in the calculation. This includes the quantity of goods or services being purchased, as well as any applicable taxes or fees. Additionally, it is important to regularly review estimated costs to ensure accuracy. 
  
  Related Information: 
  For more information on estimated cost in SAP's Inventory Management component, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SRD-FIN-INV/latest/en-US.