What is budgeted value in SAP LOD-ESO - Sourcing OnDemand?

SAP Term: budgeted value

• Component: LOD-ESO

• Component Name: Sourcing OnDemand

• Description: The allotted spend amount for the specified time period in a given document.

Smart SAP Assistant

• Key Concepts: 
  Budgeted value is a term used in SAP LOD-ESO Sourcing OnDemand to refer to the total amount of money that has been allocated for a particular project or purchase. This amount is set by the company and is used to determine the maximum amount that can be spent on the project or purchase. 
  
  How to use it: 
  When creating a project or purchase in SAP LOD-ESO Sourcing OnDemand, the budgeted value should be set first. This will ensure that the total cost of the project or purchase does not exceed the budgeted value. The budgeted value can be adjusted at any time if needed. 
  
  Tips & Tricks: 
  It is important to keep track of the budgeted value for each project or purchase in SAP LOD-ESO Sourcing OnDemand. This will help ensure that the total cost does not exceed the budgeted value and that any adjustments are made in a timely manner. 
  
  Related Information: 
  For more information on budgeted value in SAP LOD-ESO Sourcing OnDemand, please refer to the official documentation provided by SAP.