What is target setting in SAP EPM-SCP - Supply Chain Performance Management?

SAP Term: target setting

• Component: EPM-SCP

• Component Name: Supply Chain Performance Management

• Description: A target value set for a KPI by the user

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• Key Concepts: 
  Target setting is a feature of SAP EPM-SCP Supply Chain Performance Management (SCPM) that allows users to set and track performance goals for their supply chain operations. It enables users to define targets for key performance indicators (KPIs) such as cost, quality, and delivery time. The target setting feature also allows users to monitor progress towards these goals and take corrective action if needed.
  
  How to use it: 
  To use the target setting feature, users must first define the KPIs they want to track. This can be done by selecting from a list of pre-defined KPIs or by creating custom KPIs. Once the KPIs have been selected, users can set targets for each KPI and monitor progress towards those targets. The target setting feature also allows users to adjust targets as needed and take corrective action if necessary.
  
  Tips & Tricks: 
  When setting targets, it is important to ensure that they are realistic and achievable. Setting overly ambitious targets can lead to frustration and a lack of motivation. It is also important to ensure that the KPIs chosen are relevant to the organization’s goals and objectives. Finally, it is important to regularly review progress towards targets in order to ensure that they are being met.
  
  Related Information: 
  For more information on target setting in SAP EPM-SCP SCPM, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SAP_EPM_SCPM/latest/en-US