Process Integration/Process Orchestration (PI/PO)
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- SAP PI/PO is the previous on-premises integration tool within NetWeaver, used to connect and manage data exchange between SAP and non-SAP systems before the Integration Suite.
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Production planning
- Production planning is the process of aligning demand, materials, capacity and production schedules so manufacturers can decide what to produce, when to produce it and at what scale. Production Planning (PP) is a core module in SAP that manages manufacturing activities.
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Profit and loss
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Profit and loss, also known as the income statement, is a financial statement that summarizes a company's revenues, expenses, and net income or loss for a specific period, such as a month, quarter, or year. The profit and loss statement shows the company's ability to generate profits from its operations by comparing revenue earned with expenses incurred during the period. It provides valuable insights into the company's financial performance and profitability.
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Provisions
- Provisions are liabilities recorded on the balance sheet to account for probable future expenses or losses that are not yet certain in amount or timing. Examples of provisions include warranty provisions, restructuring provisions, and legal provisions. Provisions are recorded based on estimates and adjusted over time as more information becomes available. Recording provisions help ensure that financial statements reflect the company's obligations accurately and fairly.
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