What is turnover in SAP SRD-SRM - SRM-Supplier Relationship Management?

SAP Term: turnover

• Component: SRD-SRM

• Component Name: SRM-Supplier Relationship Management

• Description: The monetary value of sales for a defined period.

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• Key Concepts: 
  Turnover is a term used in SAP Supplier Relationship Management (SRM) to refer to the total amount of money that a supplier has earned from a customer over a certain period of time. It is calculated by adding up all the invoices that have been paid by the customer to the supplier during that period. 
  
  How to use it: 
  In SAP SRM, turnover can be used to measure the performance of a supplier. It can be used to compare different suppliers and determine which one is providing the best value for money. It can also be used to identify potential areas for improvement in terms of cost savings or efficiency gains. 
  
  Tips & Tricks: 
  When calculating turnover, it is important to take into account any discounts or other incentives that may have been offered by the supplier. This will ensure that the turnover figure is accurate and reflects the true value of the supplier’s services. 
  
  Related Information: 
  Turnover is closely related to other metrics such as customer satisfaction, on-time delivery, and quality of service. These metrics can be used in conjunction with turnover to gain a better understanding of a supplier’s performance.