What is formula group in SAP IS-U-EDM - Energy Data Management?

SAP Term: formula group

• Component: IS-U-EDM

• Component Name: Energy Data Management

• Description: Formula groups are groups of formula instances. The execution of the EDM formula calculation can be started for selected formula groups instead of for every formula instance in the system.

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• Key Concepts: 
  Formula groups are used in the IS-U-EDM Energy Data Management component of SAP to define the formulas used to calculate energy consumption. They are used to define the parameters and formulas for calculating energy consumption, such as the type of energy, the unit of measure, and the formula for calculating energy consumption. 
  
  How to use it: 
  Formula groups are created in the IS-U-EDM Energy Data Management component of SAP. To create a formula group, go to the “Formula Groups” tab in the Energy Data Management component. From there, you can enter the parameters and formulas for calculating energy consumption. 
  
  Tips & Tricks: 
  When creating a formula group, it is important to ensure that all parameters and formulas are entered correctly. This will ensure that the calculations are accurate and that energy consumption is calculated correctly. 
  
  Related Information: 
  For more information on formula groups in SAP IS-U-EDM Energy Data Management, please refer to the SAP Help documentation.