What is material cost estimate release run in SAP SRD-FIN-INV - FIN-Inventory?

SAP Term: material cost estimate release run

• Component: SRD-FIN-INV

• Component Name: FIN-Inventory

• Description: An automated run that releases material cost estimates, which overwrites the estimated cost in the materials' master data with the cost calculated in the respective cost estimate.

Smart SAP Assistant

• Key Concepts: 
  Material cost estimate release run is a process in SAP Inventory Management that allows users to release material cost estimates for a specific material. This process is used to ensure that the material cost estimates are accurate and up-to-date. The release run also allows users to compare the actual costs of the material with the estimated costs. 
  
  How to use it: 
  To use the material cost estimate release run, users must first create a material cost estimate for the desired material. Once the estimate is created, users can then select the “Release” option from the menu. This will open a window where users can select the desired release run and enter any additional information needed. Once all of the information is entered, users can then click “Release” to start the process. 
  
  Tips & Tricks: 
  When using the material cost estimate release run, it is important to make sure that all of the information entered is accurate and up-to-date. This will ensure that the estimates are as accurate as possible. Additionally, it is important to review any changes made to the estimates before releasing them. 
  
  Related Information: 
  The material cost estimate release run is part of SAP Inventory Management, which is part of the SRD-FIN-INV FIN-Inventory Management component. For more information on this component, please refer to SAP’s official documentation.