What is negotiated objective value in SAP SRM-CM - SRM Category Management?

SAP Term: negotiated objective value

• Component: SRM-CM

• Component Name: SRM Category Management

• Description: The objective value for example savings predicted after negotiations with the supplier have been completed.

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• Key Concepts: 
  Negotiated objective value is a feature of SAP SRM-CM Category Management. It is a tool used to set and track the objectives of a negotiation between a buyer and supplier. The negotiated objective value is the target value that the buyer and supplier agree upon during the negotiation process. 
  
  How to use it: 
  The negotiated objective value is set by the buyer and supplier during the negotiation process. The buyer and supplier can then use this value to track their progress towards reaching their desired outcome. The negotiated objective value can be used to measure the success of the negotiation process and ensure that both parties are satisfied with the outcome. 
  
  Tips & Tricks: 
  When setting the negotiated objective value, it is important to ensure that both parties are in agreement on the target value. This will help ensure that both parties are satisfied with the outcome of the negotiation process. Additionally, it is important to keep track of any changes in the negotiated objective value throughout the negotiation process, as this can help ensure that both parties are on the same page. 
  
  Related Information: 
  SAP SRM-CM Category Management also includes features such as price comparison, contract management, and supplier performance management. These features can be used in conjunction with the negotiated objective value to help buyers and suppliers reach their desired outcomes. Additionally, SAP SRM-CM Category Management also provides tools for analyzing data related to negotiations, such as pricing trends and supplier performance metrics.