What is cost retrieval setting in SAP XAP-CQM - Cost and Quotation Management (SAP xCQM)?

SAP Term: cost retrieval setting

• Component: XAP-CQM

• Component Name: Cost and Quotation Management (SAP xCQM)

• Description: The definition of a backend object used to extract costs for a given quote by a quote team lead. Users can select the data sources that should be used for the cost retrieval. These can include contracts, purchase orders, previous quotes, and so on.

Smart SAP Assistant

• Key Concepts: 
  Cost retrieval setting is a feature of SAP xCQM that allows users to define the cost elements and cost centers that are used to calculate the cost of a product or service. This setting is used to ensure that the cost calculation is accurate and up-to-date. 
  
  How to use it: 
  To use the cost retrieval setting, users must first define the cost elements and cost centers that will be used in the calculation. This can be done by selecting the appropriate cost elements and cost centers from the list of available options. Once this is done, users can then enter the relevant data into the cost retrieval setting. 
  
  Tips & Tricks: 
  It is important to ensure that all of the cost elements and cost centers are correctly defined before entering them into the cost retrieval setting. This will help to ensure that the calculation is accurate and up-to-date. Additionally, it is important to regularly review and update the cost retrieval setting as needed. 
  
  Related Information: 
  For more information on how to use the cost retrieval setting in SAP xCQM, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed instructions on how to use this feature.