What is 'value difference' in SAP SRD-SCM-WME - SCM-Warehousing and Manufacturing Execution?

value difference - Overview

• Component: SRD-SCM-WME

• Component Name: SCM-Warehousing and Manufacturing Execution

• Description: The amount by which the book value and the count value vary from each other.

value difference - Details

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  Key Concepts: 
  Value difference is a term used in SAP's SCM-Warehousing and Manufacturing Execution (SRD-SCM-WME) component. It is a measure of the difference between the expected value of a product and its actual value. This difference can be used to identify discrepancies in the production process, such as incorrect materials or processes being used, or incorrect quantities of materials being used. 
  
  How to use it: 
  Value difference can be used to identify discrepancies in the production process. It is calculated by subtracting the expected value of a product from its actual value. This difference can then be used to identify areas where improvements can be made in order to reduce the discrepancy. 
  
  Tips & Tricks: 
  When calculating value difference, it is important to ensure that the expected value is accurate. This can be done by ensuring that all materials and processes used are correct and that the correct quantities of materials are being used. Additionally, it is important to ensure that any changes made to the production process are accurately reflected in the expected value. 
  
  Related Information: 
  Value difference is closely related to other measures of quality control, such as yield and scrap rate. Additionally, it can be used in conjunction with other metrics, such as cycle time and throughput, to gain a better understanding of the production process.