What is microvertical in SAP CA-CPD - Commercial Project Management?

SAP Term: microvertical

• Component: CA-CPD

• Component Name: Commercial Project Management

• Description: A subdivision within a specific industry or a specifically defined homogeneous group of entities. For example: Job costing for IT services Warehouse management for food and beverages Fashion in the retail industry Car dealership for automotives Franchises of a specific franchisor Specialized solutions offered for various industries or industry niches

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• Key Concepts: 
  A microvertical is a specialized area of business that focuses on a specific industry or market segment. In the context of SAP's Commercial Project Management (CA-CPD) component, microverticals are used to define the scope of a project and to ensure that the project is tailored to the customer's specific needs. 
  
  How to use it: 
  When using the CA-CPD component, users can define a microvertical for their project. This will allow them to customize the project to meet the customer's specific needs and requirements. The microvertical can be used to define the scope of the project, as well as to identify any potential risks or challenges that may arise during the project. 
  
  Tips & Tricks: 
  When defining a microvertical for a project, it is important to consider all aspects of the customer's business. This includes their industry, market segment, and any other relevant factors that may affect the success of the project. Additionally, it is important to ensure that all stakeholders are aware of the microvertical and its implications for the project. 
  
  Related Information: 
  The CA-CPD component also includes other features such as resource management, budgeting, and reporting. Additionally, SAP offers a range of services and support for customers who are using this component. For more information about SAP's Commercial Project Management component, please visit their website.