After carrying out a cost estimate for a material without any errors, you can transfer the costing results to the material master as prices in SAP.
To set a new standard price in the material master, you must mark and release the standard cost estimate. You must first allow standard cost estimates to be marked and released in a company code.
When you mark a standard cost estimate for a material, the price calculated in the standard cost estimate is transferred into the material master record as the future standard price.
Vendor Master Data in SAP Materials Management (MM) : Overview
In SAP, the vendor master record contains all the data required to do business with the vendor. Data in vendor master records also control how transaction data is posted and processed for a vendor. SAP provides the following transactions for maintaining Accounts Payable master records: Create a new account Change an account Display an account …