You use production versions to determine which alternative BOM is used with a routing to produce a material or create a master production schedule.
Production versions are used in sales & operations planning (SOP), material requirements planning, creating production orders as well as product costing to select the most suitable routing.
The material, for which you want to create a production version, must exist in the system.
For one material you can have several production versions for various validity periods and lot-size ranges.
You assign each production version to an alternative BOM and up to three work centers for different planning levels.
You edit production versions for a material in the material master record in the Work scheduling view (see R/3 Library LO - Managing Material Master Data) There you can