What is historic spend simulation in SAP TM - Transportation Management?

SAP Term: historic spend simulation

• Component: TM

• Component Name: Transportation Management

• Description: The process of using the rates in the responses to individual freight agreement RFQs to estimate the charges in previous orders. The system finds the previous orders based on attributes in the freight agreement RFQ master.

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• Key Concepts: 
  Historic Spend Simulation in SAP Transportation Management (TM) is a tool that allows users to analyze past transportation spend and create simulations of future transportation spend. It provides users with the ability to compare different scenarios and make informed decisions about their transportation spend. The tool also allows users to identify areas of potential savings and optimize their transportation spend. 
  
  How to use it: 
  Historic Spend Simulation in SAP TM can be accessed through the Transportation Cockpit. Once in the cockpit, users can select the “Historic Spend Simulation” option from the menu. This will open up a window where users can enter their desired parameters for the simulation, such as date range, carrier, and mode of transport. Once the parameters are entered, the simulation will generate a report that shows the historic spend for each parameter entered. 
  
  Tips & Tricks: 
  When using Historic Spend Simulation in SAP TM, it is important to remember to enter accurate parameters for the simulation. This will ensure that the results are as accurate as possible and will help users make informed decisions about their transportation spend. Additionally, it is important to remember to save any changes made to the simulation before exiting the window. 
  
  Related Information: 
  For more information on Historic Spend Simulation in SAP TM, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SAP_TM/9.6/en-US/f3d7f8a2b7c14e8a9f3d7f8a2b7c14e8a.html