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.
What is the Purpose of Partner Function in SAP SD
As per the standard SAP, a customer master will be maintained with four major partner functions, as described below: The basic customer master records that will be created are The Sold to party record – Sold to Party is the one who places the sales order The Ship to party record – Ship to Party …