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This book offers a practical guide to SAP Material Ledger functionality and provides a solid foundation for understanding product costing as it relates to SAP Material Ledger (ML) and actual costing. Solidify your understanding of how SAP ML integrates with SAP FI, MM, PP, and SD. Walk step by step through a practical example of a complete manufacturing process and troubleshoot actual costing closing at month end. Explore SAP Material Ledger and actual costing configuration and dive into the prerequisites for multilevel actual costing runs by exploring the different types of cost variances. With this practical guide you will also obtain a list of SAP Material Ledger tables to support your product cost with material ledger reporting. By using practical examples, tips, and screenshots, the author brings readers up to speed on the fundamentals.
In today’s competitive business environment, companies demand higher productivity and better cost control to cope with market changes and constant competitive pressure. It is essential that companies have the appropriate tools to make decisions more readily.
Actual costing with SAP Material Ledger allows organizations to compare variances between their standards (best estimates) and their actual costs.
Actual costing provides visibility of up-to-date costs on a monthly basis, offering the company accurate information in up to three currencies and valuation views, which works very well, especially in companies with worldwide operations.
If your product prices are constantly fluctuating or if the region where your company is located is going through high inflation rates, then SAP Material Ledger can also be useful to address continuous variances to standards by providing current costs for decision-making.
Moreover, if your company is a manufacturing company which runs SAP, then SAP Material Ledger is the right tool for you to manage your costs. SAP Material Ledger is part of standard out-of-the-box SAP which is available for all clients. You just need to configure and activate it according to your business requirements.
K. Jadav
21.11.2019
B. Langer
04.10.2019
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