What is inventory cost history in SAP SRD-FIN-INV - FIN-Inventory?

SAP Term: inventory cost history

• Component: SRD-FIN-INV

• Component Name: FIN-Inventory

• Description: A function that displays the changes to the inventory cost for a material during a selected period.

Smart SAP Assistant

• Key Concepts: 
  Inventory cost history is a feature of SAP's Inventory Management component that allows users to track the cost of inventory items over time. This feature allows users to view the cost of an item at any given point in time, as well as the changes in cost over time. This information can be used to analyze trends in inventory costs and make informed decisions about inventory management.
  
  How to use it: 
  Inventory cost history can be accessed through the Inventory Management component of SAP. To view the cost history of an item, users must first select the item from the inventory list. Once selected, users can view the cost history by clicking on the “Cost History” tab. This tab will display a graph showing the cost of the item over time, as well as a table showing the changes in cost over time. 
  
  Tips & Tricks: 
  When viewing the cost history of an item, users should pay attention to any sudden changes in cost. These changes may indicate a problem with inventory management or pricing, and should be investigated further. Additionally, users should take note of any trends in cost over time, as this information can be used to make informed decisions about inventory management. 
  
  Related Information: 
  For more information on inventory cost history, users can refer to SAP's official documentation on Inventory Management. Additionally, users can consult with their SAP support team for more detailed information and assistance with using this feature.