Valuation type in material master

Dear SAP GURU'S
please tell me what is a valuation type, it's uses and what are it's setting so that i can get the valuation type in material master.
thanks and regards.

Hi Yogesh ,
Valuation type  is A subdivision of a valuation category in split valuation.
Example
An enterprise manages its stocks of a material using the valuation category "Quality", comprising the following valuation types:
High quality
Average quality
Inferior quality
Valuation category: A criterion for the separate valuation of different stocks of a material managed under one material number for quality and other purpose ...
If you have any further query on the same then let us know ........
Thanks
Kaushik

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    REGARDS
    PRABHANJAN
    prabhanjan.g06 at g com

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