LOWEST VALUE COMPARISON title: lowest value comparison (MM) (SAP Library - Glossary)
LOWEST VALUE COMPARISON category: Materials Management (MM)
LOWEST VALUE COMPARISON explained:
A procedure in which the preliminary results of LIFO or FIFO valuation (gross value) are compared with a value obtained using the lowest value determination procedure.
(LIFO stands for "last in, first out", FIFO for "first in, first out".)
The lowest of the two valuations is taken as the net LIFO or FIFO value.
More terms such as lowest value comparison in Dictionary L.
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- Manual Locale (BC-ABA):
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