What is cost model in SAP TM-TRP - SAP Transportation Resource Planning?

SAP Term: cost model

• Component: TM-TRP

• Component Name: SAP Transportation Resource Planning

• Description: A model used to calculate costs such as the transportation, storage, or handling of resources. It consists of cost datasets with a common currency and additional information about carriers and means of transport.

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• Key Concepts: 
  Cost model in SAP Transportation Resource Planning (TM-TRP) is a tool used to calculate the cost of transportation services. It takes into account various factors such as the distance traveled, the type of vehicle used, and the number of stops made. The cost model also considers the cost of fuel, tolls, and other related expenses. The cost model helps to determine the most cost-effective route for a shipment. 
  
  How to use it: 
  The cost model in TM-TRP can be used to calculate the cost of transportation services for a given shipment. To use the cost model, enter the details of the shipment such as the origin and destination, the type of vehicle used, and any other relevant information. The cost model will then calculate the total cost of transportation services for that shipment. 
  
  Tips & Tricks: 
  When using the cost model in TM-TRP, it is important to consider all relevant factors such as fuel costs, tolls, and other related expenses. Additionally, it is important to consider any discounts or promotions that may be available for certain routes or types of vehicles. 
  
  Related Information: 
  For more information on using the cost model in TM-TRP, please refer to SAP’s official documentation on Transportation Resource Planning. Additionally, there are many online resources available that provide tips and tricks for using the cost model in TM-TRP.