What is 'quantity variance' in SAP SRD-SRM - SRM-Supplier Relationship Management?

quantity variance - Overview

• Component: SRD-SRM

• Component Name: SRM-Supplier Relationship Management

• Description: A difference between the product amount stated on a purchase order and the product amount stated on the corresponding goods and services receipt or invoice, or a difference between the expected product amount and the actual product amount.

quantity variance - Details

• 
  Key Concepts: 
  Quantity variance is a term used in SAP Supplier Relationship Management (SRM) to describe the difference between the quantity of goods ordered and the quantity of goods actually received. This variance can be caused by a number of factors, such as incorrect ordering, incorrect shipping, or incorrect receiving. 
  
  How to use it: 
  In SAP SRM, quantity variance is tracked in the system and can be used to identify potential issues with ordering, shipping, or receiving. The system will track the difference between the ordered and received quantities and display it in the form of a variance report. This report can then be used to identify any discrepancies and take corrective action. 
  
  Tips & Tricks: 
  When tracking quantity variance in SAP SRM, it is important to ensure that all orders are accurately entered into the system. This will help to ensure that any discrepancies are identified quickly and corrective action can be taken. Additionally, it is important to ensure that all shipments are accurately tracked and received in order to minimize any potential discrepancies. 
  
  Related Information: 
  Quantity variance is closely related to price variance, which is the difference between the price of goods ordered and the price of goods actually received. Both of these variances can be tracked in SAP SRM and used to identify potential issues with ordering, shipping, or receiving. Additionally, both