What is costing priority in SAP SRD-SCM-MD - SCM-Master Data?

SAP Term: costing priority

• Component: SRD-SCM-MD

• Component Name: SCM-Master Data

• Description: A setting in a released execution model that defines the priority with which the model is selected for costing. If more than one model is valid on the explosion date, the costing priority will determine which model is selected.

Smart SAP Assistant

• Key Concepts: 
  Costing Priority is a feature in SAP that allows users to assign a priority to different cost elements. This allows users to prioritize the cost elements that are used in the costing process. The higher the priority, the more likely it is that the cost element will be used in the costing process. 
  
  How to use it: 
  To use Costing Priority, users must first assign a priority to each cost element. This can be done by going to the Costing Priority tab in the Master Data screen and selecting the cost element they wish to assign a priority to. Then, they must select a priority from 1-10, with 1 being the highest priority and 10 being the lowest. 
  
  Tips & Tricks: 
  When assigning priorities, it is important to consider how each cost element will affect the overall costing process. For example, if one cost element is more important than another, it should be given a higher priority. Additionally, it is important to remember that only cost elements with a priority of 1-5 will be used in the costing process. 
  
  Related Information: 
  For more information on Costing Priority, please refer to SAP's official documentation on Master Data (SRD-SCM-MD SCM-Master Data). Additionally, there are many online tutorials and videos available that provide step-by-step instructions on how to use Costing Priority in SAP.