What is gap analysis in SAP LOD-SF-REP - Reporting?

SAP Term: gap analysis

• Component: LOD-SF-REP

• Component Name: Reporting

• Description: A process through which a company compares an employee's actual rating/performance with their expected rating/performance.

Smart SAP Assistant

• Key Concepts: 
  Gap analysis is a process used to compare two sets of data to identify any discrepancies or differences between them. In the context of SAP LOD-SF-REP Reporting, gap analysis is used to compare the actual performance of a business against its expected performance. This comparison helps identify any areas where the business is not meeting its goals and objectives.
  
  How to use it: 
  To use gap analysis in SAP LOD-SF-REP Reporting, first define the expected performance of the business. This can be done by setting goals and objectives for the business. Once these goals and objectives have been established, the actual performance of the business can be measured against them. Any discrepancies between the two sets of data can then be identified and addressed.
  
  Tips & Tricks: 
  When using gap analysis in SAP LOD-SF-REP Reporting, it is important to ensure that the data being compared is accurate and up-to-date. Additionally, it is important to ensure that the goals and objectives being used as a benchmark are realistic and achievable.
  
  Related Information: 
  Gap analysis is a useful tool for identifying areas where a business is not meeting its goals and objectives. It can also be used to identify opportunities for improvement and growth. Additionally, gap analysis can be used in conjunction with other reporting tools such as trend analysis and forecasting to gain a better understanding of a business’s performance.