What is savings in SAP EPM-SA - SAP Spend Performance Management?

SAP Term: savings

• Component: EPM-SA

• Component Name: SAP Spend Performance Management

• Description: The savings for an item are defined as the difference in the Weighted Average Invoice Unit Price between the current calendar period and the previous calendar period multiplied with the quantity of the item purchased in the current calendar period.

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• Key Concepts: 
  Savings is a term used in SAP Spend Performance Management (EPM-SA) to refer to the difference between the actual cost of a purchase and the expected cost. It is calculated by subtracting the expected cost from the actual cost. Savings can be used to measure the efficiency of a company's purchasing process and identify areas for improvement.
  
  How to use it: 
  Savings can be used to measure the efficiency of a company's purchasing process. To calculate savings, subtract the expected cost from the actual cost of a purchase. This will give you an indication of how much money was saved on that particular purchase.
  
  Tips & Tricks: 
  It is important to track savings over time in order to identify areas for improvement. By tracking savings, you can identify which areas are performing well and which areas need improvement. Additionally, tracking savings can help you identify potential opportunities for further savings.
  
  Related Information: 
  SAP Spend Performance Management (EPM-SA) is a tool that helps companies manage their spending and optimize their purchasing processes. It provides insights into spending patterns, identifies areas for improvement, and helps companies make informed decisions about their purchasing processes.