What is profit simulation group in SAP LO-GT - Global Trade Management?

SAP Term: profit simulation group

• Component: LO-GT

• Component Name: Global Trade Management

• Description:

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• Key Concepts: 
  Profit Simulation Group is a feature of SAP's Global Trade Management (LO-GT) component. It allows users to simulate the profitability of different trade scenarios and compare them to determine the most profitable option. The simulation group can be used to analyze the impact of different factors such as taxes, tariffs, and currency exchange rates on the profitability of a trade.
  
  How to use it: 
  To use the Profit Simulation Group, users must first create a simulation group in the LO-GT component. This can be done by selecting the “Create Simulation Group” option from the menu. Once the simulation group is created, users can add different trade scenarios to it and then simulate them to compare their profitability. The results of the simulations can then be used to determine which scenario is most profitable.
  
  Tips & Tricks: 
  When creating a simulation group, it is important to consider all relevant factors that could affect the profitability of a trade. This includes taxes, tariffs, currency exchange rates, and other costs associated with the trade. Additionally, it is important to consider how long each scenario will take to complete in order to ensure that the most profitable option is chosen in a timely manner.
  
  Related Information: 
  For more information on using Profit Simulation Groups in SAP's Global Trade Management component, please refer to SAP's official documentation on the topic. Additionally, there are many online resources available that provide tutorials and tips for using this feature.