Company code : A company code is the smallest organizational unit for which
has a complete self-contained set of accounts.
Plant : A plant is an organizational unit within a company that produces
materials to make goods and renders services.
Storage Location : A storage location is an organizational unit that allows
the differentiation of material stocks within a plant.
Sales Organization : A sales organization is an organizational unit that
sells and distributes products, negotiates terms of sales, and is responsible
for these transactions.
Distribution Channel : Is a channel through which materials or services
Division : Is a product group that can be defined for a wide ranging spectrum
Moving Average Price : Price that changes in consequence of goods movements
at the entry of invoices and which is used for valuating a material.
The moving a average price is calculated by dividing the values of the
material by the quantity of the material in stock. It is recalculated
automatically by the system after each goods movement or invoice entry.
Standard Costs : Constant price with which a material is valuated,
without taking into account goods movements and invoices.