SAP Product Lifecycle Costing is a comprehensive solution designed to help businesses accurately calculate and manage product costs from the early stages of design through to production. By providing real-time cost calculations and simulations, it enables organizations to proactively manage costs, optimize profitability, and accelerate time-to-market for new products and customer-specific engineered solutions. The solution offers flexible deployment options, including both on-premise and cloud environments, and integrates seamlessly with SAP ERP systems and other data sources. Key Features and Functionality: - Product Cost Calculation and Simulation: Utilizes SAP HANA for real-time cost calculations, supports manual overrides, recalculations, versioning, what-if simulations, and target costing. - Data Modeling and Extensibility: Allows customization through user-defined attributes, fields, and formulas; supports multiple costing sheets and component splits; facilitates integration with enterprise systems and Microsoft Excel. - Integration Capabilities: Enables data import from SAP ERP, Microsoft Excel, and other applications via APIs; supports data export to these platforms, ensuring seamless data flow. - Pricing Management: Offers strategies for component and activity pricing, supports multiple currencies and dimensions, and calculates overhead costs through various costing sheets. - Analytics and Reporting: Provides management reporting, project analysis across the product lifecycle, costing categories, and version comparisons to enhance decision-making. - Advanced Technology: Leverages existing cost-relevant information, identifies cost drivers using a real-time calculation engine powered by SAP HANA, and optimizes product costs through embedded what-if analysis. Primary Value and Problem Solved: SAP Product Lifecycle Costing addresses the challenge of managing and predicting product costs during the early design phases when data may be incomplete or evolving. By providing tools for accurate cost estimation and simulation, it helps businesses secure future profit margins, optimize costs, and make informed decisions throughout the product lifecycle. This proactive approach reduces financial risks, shortens quotation cycles, and accelerates time-to-market, ultimately enhancing profitability and competitiveness.