What is weighted average invoice unit price in SAP EPM-SA - SAP Spend Performance Management?

SAP Term: weighted average invoice unit price

• Component: EPM-SA

• Component Name: SAP Spend Performance Management

• Description: The weighted average unit price from Invoice Approved or Paid Amount of an item

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• Key Concepts:
  Weighted Average Invoice Unit Price (WAIUP) is a metric used in SAP Spend Performance Management (EPM-SA) to measure the average price of goods or services purchased from a supplier. It is calculated by taking the total value of all invoices for a given period and dividing it by the total quantity of goods or services purchased. This metric is used to compare the prices of different suppliers and to identify any potential savings opportunities.
  
  How to use it:
  To calculate WAIUP, first gather all invoices from a given period and add up the total value of all invoices. Then, add up the total quantity of goods or services purchased from those invoices. Finally, divide the total value by the total quantity to get the WAIUP.
  
  Tips & Tricks:
  When calculating WAIUP, it is important to make sure that all invoices are included in the calculation. Additionally, it is important to make sure that all goods or services purchased are accounted for in the calculation.
  
  Related Information:
  WAIUP can be used in conjunction with other metrics such as Total Spend and Average Lead Time to gain a better understanding of supplier performance. Additionally, WAIUP can be used to compare prices between different suppliers and identify potential savings opportunities.