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

SAP Term: target type

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management Influencing factor for determining and remunerating targets on the basis of their periodicity and their target rule. A target type can define one or more target rules. Example Target type: Year-end closing Periodicity: Annually

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• Key Concepts: 
  Target type is a feature of ICM Incentive and Commission Management (ICM) that allows users to define the type of target they want to set for their sales team. This could be a sales target, a customer satisfaction target, or any other type of goal. The target type is used to determine how the target will be measured and tracked. 
  
  How to use it: 
  To use the target type feature, users must first define the type of target they want to set. This can be done by selecting from a list of predefined target types or by creating a custom target type. Once the target type has been selected, users can then define the parameters for the target, such as the time period, the goal amount, and any other relevant information. 
  
  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 demotivation among team members. It is also important to ensure that targets are regularly reviewed and updated as needed. 
  
  Related Information: 
  For more information on ICM Incentive and Commission Management (ICM), please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials and best practices for using ICM.