© Rajesh Ojha and Chandan Mohan Jaiswal 2023
R. Ojha, C. M. JaiswalSAP S/4HANA Asset Managementhttps://doi.org/10.1007/978-1-4842-9870-1_6

6. Costing and Budgeting

Rajesh Ojha1   and Chandan Mohan Jaiswal2
(1)
Atlanta, USA
(2)
Singapore, Singapore
 

This chapter is about money and how it functions when attending to assets like equipment, machines, and manufacturing assembly lines. Imagine you have an instrument that’s broken and requires repair. Fixing things incurs costs, and this chapter helps you understand where the money goes when technical assets are being fixed.

The following are some of the key topics covered.

  • Costing in asset maintenance and repair

  • Maintenance order cost settlement and closure

  • Budgeting in asset maintenance and repair

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