What is supply chain management cost in SAP EPM-SCP - Supply Chain Performance Management?

SAP Term: supply chain management cost

• Component: EPM-SCP

• Component Name: Supply Chain Performance Management

• Description: The cost associated with operating the supply chain. It involves all the Supply Chain Management Cost is the sum of costs associated with direct purchasing, warehousing, transportation, and customer service excluding the manufacturing processes which are covered by CoGS.

Smart SAP Assistant

• Key Concepts: 
  Supply chain management cost is a component of SAP’s Enterprise Performance Management (EPM) – Supply Chain Performance Management (SCP) solution. It is designed to help organizations optimize their supply chain costs by providing visibility into the cost structure of their supply chain operations. This includes tracking and analyzing costs associated with procurement, production, distribution, and other related activities. 
  
  How to use it: 
  The Supply Chain Management Cost component of EPM-SCP provides users with a comprehensive view of their supply chain costs. This includes the ability to track and analyze costs associated with procurement, production, distribution, and other related activities. Additionally, users can use the component to identify cost savings opportunities and develop strategies to reduce costs. 
  
  Tips & Tricks: 
  When using the Supply Chain Management Cost component of EPM-SCP, it is important to ensure that all relevant data is accurately captured and tracked. This will help ensure that users have an accurate view of their supply chain costs and can identify potential cost savings opportunities. Additionally, users should take advantage of the reporting capabilities of the component to gain insights into their supply chain operations. 
  
  Related Information: 
  For more information on SAP’s Enterprise Performance Management (EPM) – Supply Chain Performance Management (SCP) solution, please visit https://www.sap.com/products/enterprise-performance-management-scp.html. Additionally, for more information on supply chain management cost, please visit https://www.investopedia.com/terms/s/supply-chain-management-costs.asp.