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Former Member
Oct 08, 2010 at 09:44 AM

Difference B/W TECO (Technically Closed) and Business Closed.



I want knw the differnce B/w the technically Completeion of PM order and Business Completion.

The difference i understood is that TECO status is set to system after all the Technical work is over, that means when no technical work is pending bt still the order is able to recieve the Cost by material consumption agaisnt the order.

Business Completion is done when all the Cost incurred by the PM order is settled agaisnt the Settlement Recieverdefined by the settlement rule and after Business Completion (CLSD) status is set PM order is not able to recieve any cost from the material consumption.

This Correct or wrong?

Some People say TECO is automatically set by the system when he found any error at the time of the Business Completion.

Kindly suggest.

Thanks in Advance