What is key figure in SAP LO-LIS - Logistics Information System (LIS)?

SAP Term: key figure

• Component: LO-LIS

• Component Name: Logistics Information System (LIS)

• Description: A criterion for evaluating the performance of a logistical activity in the past or for forecasting the performance of a logistical activity in the future. Key figures can be a number or a percentage and are expressed in a currency or unit of measure such as invoiced sales, purchase order quantity, range of coverage, target lead time, inspected quantity and Mean Time To Repair.

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• Key Concepts: 
  A key figure is a numerical value used in the LO-LIS Logistics Information System (LIS) to measure and analyze data. It is used to represent a specific characteristic of a business process, such as sales volume, cost, or profit. Key figures are used to create reports and analyze trends in the data. 
  
  How to use it: 
  Key figures can be used to measure and analyze data in the LO-LIS Logistics Information System (LIS). They can be used to create reports and analyze trends in the data. To use key figures, you must first define them in the system. This includes setting up the data source, defining the calculation logic, and setting up the reporting structure. 
  
  Tips & Tricks: 
  When defining key figures, it is important to consider how they will be used in reports and analysis. It is also important to ensure that the calculation logic is accurate and that the reporting structure is set up correctly. Additionally, it is important to consider how key figures will interact with other elements of the system, such as other key figures or characteristics. 
  
  Related Information: 
  For more information on key figures in LO-LIS Logistics Information System (LIS), please refer to SAP’s documentation on the topic. Additionally, there are many online resources available that provide tutorials and tips on using key figures in SAP systems.