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

SAP Term: target classification type

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Groups commission contracts with the same target values and targets. The classification type lets you define central target values so that you do not have to individualize all commission contracts. &EXAMPLE& By changing classification type A you can change all commission contracts of a region. By changing classification type B you can change all commission contracts of a line of business.

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• Key Concepts: 
  Target classification type is a feature of ICM Incentive and Commission Management (ICM) that allows users to classify targets into different categories. This helps to organize and manage targets more efficiently. Targets can be classified according to criteria such as product, customer, or region. 
  
  How to use it: 
  To use target classification type, users must first create a target classification type in the ICM system. This can be done by selecting the “Create Target Classification Type” option from the ICM menu. Once the target classification type is created, users can assign targets to the appropriate category. 
  
  Tips & Tricks: 
  When creating a target classification type, it is important to consider how the targets will be used in order to ensure that they are properly categorized. Additionally, it is important to ensure that all relevant information is included in the target classification type so that it can be used effectively. 
  
  Related Information: 
  Target classification type is closely related to other features of ICM such as target groups and target types. Target groups allow users to group targets together for easier management, while target types allow users to assign different types of targets such as sales or service targets.