What is consumed budget in SAP SRD-CC-MAN - SRM-Managment Application?

SAP Term: consumed budget

• Component: SRD-CC-MAN

• Component Name: SRM-Managment Application

• Description: The quantity of a budget that has been used. This quantity can be expressed as a value or as a percentage.

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• Key Concepts: 
  Consumed budget is a term used in SAP SRM-Management Application to refer to the amount of budget that has been used up or allocated for a particular purpose. It is the total amount of money that has been spent on a particular item or activity. 
  
  How to use it: 
  In SAP SRM-Management Application, consumed budget can be tracked by setting up a budget plan and assigning it to a particular item or activity. The budget plan will track the amount of money that has been spent on the item or activity and will update the consumed budget accordingly. 
  
  Tips & Tricks: 
  It is important to keep track of the consumed budget in order to ensure that the allocated funds are being used efficiently and effectively. It is also important to monitor the consumed budget regularly in order to ensure that it does not exceed the allocated amount. 
  
  Related Information: 
  Consumed budget is closely related to available budget, which is the amount of money that is still available for use after subtracting the consumed budget from the total allocated amount. It is also related to planned budget, which is the amount of money that has been planned for use in a particular item or activity.