What is 'target value' in SAP SRD-CC-MAN - SRM-Managment Application?

target value - Overview

• Component: SRD-CC-MAN

• Component Name: SRM-Managment Application

• Description: The level of performance that is expected to be achieved at a specific point in time.

target value - Details

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  Key Concepts: 
  Target value is a feature of the SAP SRM-Management Application that allows users to set a target value for a particular item or service. This target value is used to compare the actual cost of the item or service against the target value, allowing users to monitor and control their spending. 
  
  How to use it: 
  To use the target value feature, users must first set up a target value for an item or service. This can be done by entering the desired target value in the “Target Value” field in the SRM-Management Application. Once the target value has been set, users can then monitor and compare their actual costs against the target value. 
  
  Tips & Tricks: 
  When setting up a target value, it is important to consider all potential costs associated with an item or service. This includes not only the cost of purchasing the item or service, but also any additional costs such as shipping, taxes, and fees. 
  
  Related Information: 
  For more information on setting up and using target values in SAP SRM-Management Application, please refer to SAP’s official documentation on Target Values.