What is transportation charge management in SAP TM - Transportation Management?

SAP Term: transportation charge management

• Component: TM

• Component Name: Transportation Management

• Description: The calculation, freight settlement billing in SAP ERP, and forwarding settlement settlement in SAP ERP of transportation costs, revenues, and profits with the integration of ERP functions.

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• Key Concepts: 
  Transportation charge management is a component of SAP Transportation Management (TM) that helps companies manage their transportation costs. It enables companies to accurately calculate and manage the costs associated with shipping goods, including freight, fuel, and other related charges. It also provides visibility into the entire transportation process, from planning to execution. 
  
  How to use it: 
  Transportation charge management can be used to create and manage transportation orders, track shipments, and analyze costs. It also provides tools for managing freight contracts and rates, as well as for creating invoices and payment documents. Additionally, it can be used to generate reports on transportation costs and performance. 
  
  Tips & Tricks: 
  When using transportation charge management, it is important to ensure that all data is accurate and up-to-date. This includes information on freight contracts, rates, and invoices. Additionally, it is important to regularly review reports generated by the system in order to identify any potential cost savings or areas of improvement. 
  
  Related Information: 
  Transportation charge management is part of SAP Transportation Management (TM). Other components of TM include freight order management, shipment optimization, and freight settlement. Additionally, TM integrates with other SAP solutions such as SAP ERP and SAP S/4HANA.