SOME SAP TERMS

Some SAP Terms:-
Client type : Organization or group
default client 000
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 reach customers.
Division : Is a product group that can be defined for a wide ranging spectrum of products.
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.