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

planned cost - Overview

• Component: SRD-FIN-INV

• Component Name: FIN-Inventory

• Description: A cost type that represents the expected future cost of a material.

planned cost - Details

• 
  Key Concepts: 
  Planned cost is a term used in SAP Inventory Management to refer to the estimated cost of an item or material. It is used to calculate the expected cost of goods sold (COGS) and the expected inventory value. The planned cost is based on the current market price of the item or material, and can be adjusted as needed. 
  
  How to use it: 
  In SAP Inventory Management, planned costs are used to calculate the expected COGS and inventory value. The planned cost is based on the current market price of the item or material, and can be adjusted as needed. To adjust the planned cost, go to the “Inventory Management” tab in SAP and select “Planned Cost” from the drop-down menu. Enter the new planned cost for the item or material and click “Save”. 
  
  Tips & Tricks: 
  It is important to regularly review and adjust planned costs in order to ensure accurate COGS and inventory values. Additionally, it is important to keep track of any changes made to planned costs in order to ensure that all calculations are up-to-date. 
  
  Related Information: 
  For more information on SAP Inventory Management, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_ERP_6.0_EHP7/6.0/en-US/f3d9f8a2b3e14c8a9f7d2b5e7c9f3d1a.html