What is target classification category in SAP ICM - Incentive and Commission Management (ICM)?

SAP Term: target classification category

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Groups target classification types to determine the administration system. The target classification category determines the system that administers classifications. &EXAMPLE& Target classification category A Administration system: Portfolio assignment PFO Target classification type: Region Target classification type: Portfolio Target classification category B Administration system: Customer system Target classification type: Line of business

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• Key Concepts: 
  Target Classification Category is a feature of ICM Incentive and Commission Management (ICM) that allows users to classify targets into different categories. This helps to better manage and track performance against targets. It also allows users to set up different commission plans for each category, making it easier to reward employees for achieving their goals. 
  
  How to use it: 
  To use the Target Classification Category feature, users must first create a target classification category in the ICM system. This can be done by selecting the “Create Target Classification Category” option from the ICM menu. Once the category is created, users can assign targets to it and set up different commission plans for each category. 
  
  Tips & Tricks: 
  When creating target classification categories, it is important to consider how they will be used in order to ensure that they are properly organized and easy to manage. It is also important to consider how different commission plans will be applied to each category in order to ensure that employees are properly rewarded for achieving their goals. 
  
  Related Information: 
  For more information on using the Target Classification Category feature in ICM Incentive and Commission Management, please refer to the ICM User Guide or contact your local SAP representative.