What is monetary impact in SAP SCM-IBP - Integrated Business Planning?

SAP Term: monetary impact

• Component: SCM-IBP

• Component Name: Integrated Business Planning

• Description: A measure of the financial risk involved, if a given case is not resolved.

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• Key Concepts: 
  Monetary impact is a term used in SAP's Integrated Business Planning (IBP) component of Supply Chain Management (SCM). It is a measure of the financial impact of changes in supply chain operations. It is used to assess the cost and benefit of different scenarios and to identify areas where cost savings can be made. 
  
  How to use it: 
  Monetary impact can be used to evaluate the financial implications of changes in supply chain operations. It can be used to compare different scenarios and identify areas where cost savings can be made. It can also be used to assess the potential return on investment for different supply chain initiatives. 
  
  Tips & Tricks: 
  When using monetary impact, it is important to consider all potential costs and benefits associated with a given scenario. This includes both direct and indirect costs, such as labor, materials, transportation, and overhead. Additionally, it is important to consider the long-term implications of any changes in supply chain operations. 
  
  Related Information: 
  For more information on SAP's Integrated Business Planning component of Supply Chain Management, please visit the SAP website at https://www.sap.com/products/supply-chain-management/integrated-business-planning.html. Additionally, there are many resources available online that provide detailed information on how to use monetary impact in supply chain management.