function of planning_and_control

Jun 28th, 2015
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Planning Planning determines an organization’s goal and by which means the organization can achieve it. It gives managers an opportunity to adjust to a certain type of environment instead of reacting to it. Planning helps in anticipating and managing risks that may arise in future. In short, planning means preparing tomorrow, today. There are four major planning stages: Strategic Planning, Tactical Planning, Operational Planning and Contingency Planning.

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SAP Product Costing Configuration1. INTRODUCTIONProduct Cost Controlling is part of the Controlling application component. Its a tool for managing costs related to the manufacturing products or Rendering services. It uses information from Overhead Cost Controlling to calculate such costs as labor, machine, or factory overhead. It also supplies Information to Profitability Analysis so that component can calculate Contribution margins.Product Cost Controlling includes the following tools:Product Cost PlanningCost Object ControllingInformation SystemProduct Cost Controlling can help you:-Plan your product costs accuratelyCompare alternative cost estimates to optimize your business decisionsMonitor your product costs in every stage of the manufacturing processCarry out detailed variance analysis on each order, product, and product groupCalculate actual costs by periodProduct costing is a tool for planning costs and establishing prices for materials. It is used to calculate the costs of goods manufactured and the costs of goods sold for each product unit. If costing is carried out on the basis of data in Production Planning (PP), then the cost estimate is a product cost estimate with a quantity structure (for example, BOM and routing). If costing is carried out on the basis of data that you enter manually, then the cost estimate is a product cost estimate without a quantity structure. Product costing belongs to both the Production Planning (PP) Module

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