What is target currency in SAP SCM-IBP - Integrated Business Planning?

SAP Term: target currency

• Component: SCM-IBP

• Component Name: Integrated Business Planning

• Description: The currency into which an amount is exchanged from another currency.

Smart SAP Assistant

• Key Concepts: 
  Target currency is a feature of SAP SCM-IBP Integrated Business Planning that allows users to set a currency for their planning activities. This currency is used to convert all other currencies into the target currency, allowing for easier comparison and analysis of data. 
  
  How to use it: 
  To set a target currency, users must first select the “Currency” tab in the IBP settings. From there, they can select the desired target currency from the drop-down menu. Once selected, all other currencies will be converted into the target currency for comparison and analysis. 
  
  Tips & Tricks: 
  When selecting a target currency, it is important to consider which currencies are most commonly used in the planning activities. This will ensure that all data is accurately converted and compared. Additionally, it is important to remember that the target currency can be changed at any time if needed. 
  
  Related Information: 
  For more information on setting a target currency in SAP SCM-IBP Integrated Business Planning, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SAP_SCM_IBP/6.2/en-US/f9f8d7a3e7c14b8f9a7d3c2b1e5f9a4d.html