What is 'target sales ratio' in SAP IS-R - SAP for Retail?

target sales ratio - Overview

• Component: IS-R

• Component Name: SAP for Retail

• Description: Retail Target for the sales of a material in a certain period. The target sales ratio is part of the markdown profile. If the target sales ratio is reached, markdowns are not required.

target sales ratio - Details

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  Key Concepts: 
  Target sales ratio is a feature of the IS-R SAP for Retail component. It is used to compare the actual sales of a product to the target sales of that product. This comparison helps retailers to identify which products are performing well and which are not, allowing them to adjust their strategies accordingly. 
  
  How to use it: 
  To use target sales ratio, retailers must first set a target sales goal for each product. This goal should be based on factors such as market trends, customer demand, and the retailer’s own goals. Once the target sales goal has been set, the retailer can then compare the actual sales of the product to the target sales goal. This comparison will help them identify which products are performing well and which are not. 
  
  Tips & Tricks: 
  When setting a target sales goal for a product, it is important to consider factors such as market trends, customer demand, and the retailer’s own goals. Additionally, it is important to regularly review and adjust the target sales goals as needed in order to ensure that they remain relevant and up-to-date. 
  
  Related Information: 
  Target sales ratio is just one of many features available in IS-R SAP for Retail. Other features include inventory management, customer segmentation, and pricing optimization.