What is 'coverage rate' in SAP IS-MP-NF - Non-Ferrous Metal enhancements?

coverage rate - Overview

• Component: IS-MP-NF

• Component Name: Non-Ferrous Metal enhancements

• Description: Average price of a non-ferrous metal traded on the metal exchange within a specific period of time.

coverage rate - Details

• 
  Key Concepts: 
  Coverage rate is a term used in the IS-MP-NF Non-Ferrous Metal enhancements component of SAP. It is a measure of how much of the total demand for a particular metal is being met by the current supply. It is calculated by dividing the total supply of a metal by the total demand for that metal. 
  
  How to use it: 
  The coverage rate can be used to determine if there is an adequate supply of a particular metal to meet the current demand. If the coverage rate is low, it may indicate that additional supply needs to be sourced in order to meet the demand. 
  
  Tips & Tricks: 
  It is important to keep track of the coverage rate for each metal in order to ensure that there is an adequate supply to meet the current demand. Additionally, it can be helpful to compare the coverage rate for different metals in order to identify any potential supply issues. 
  
  Related Information: 
  The coverage rate can be used in conjunction with other metrics, such as inventory levels and lead times, in order to gain a better understanding of the current supply and demand situation. Additionally, it can be used to identify potential areas for improvement in terms of sourcing and procurement processes.