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

SAP Term: planned objective value

• Component: SRM-CM

• Component Name: SRM Category Management

• Description: The predicted objective value for example savings defined when creating a program or initiative or the predicted objective value defined for categories within a program.

Smart SAP Assistant

• Key Concepts: 
  Planned Objective Value (POV) is a feature in SAP SRM-CM Category Management that allows users to set and track objectives for their category management activities. It enables users to define and monitor the performance of their categories, and to measure the success of their category management initiatives. 
  
  How to use it: 
  To use the Planned Objective Value feature, users must first define the objectives they want to track. This can be done by setting up a POV in the Category Management cockpit. Once the POV is set up, users can then monitor the performance of their categories against the objectives they have set. 
  
  Tips & Tricks: 
  When setting up a POV, it is important to ensure that the objectives are realistic and achievable. This will help ensure that users are able to accurately measure the success of their category management initiatives. Additionally, it is important to regularly review and update the POVs in order to ensure that they remain relevant and up-to-date. 
  
  Related Information: 
  For more information on how to use the Planned Objective Value feature in SAP SRM-CM Category Management, please refer to the official SAP documentation. Additionally, there are several online resources available that provide detailed tutorials and best practices for using this feature.