What is spend type in SAP (CRM-MKT - Marketing)?

SAP Term: spend type

• Component: CRM-MKT

• Component Name: Marketing

• Description: A means of categorizing trade spends to indicate whether it’s fixed or variable.

Smart SAP Assistant

• Key Concepts: 
  Spend type is a classification of marketing expenses in SAP CRM-MKT Marketing. It is used to categorize and track marketing costs, such as advertising, promotions, and sponsorships. Spend types are used to provide an overview of the total marketing budget and to ensure that the budget is allocated correctly. 
  
  How to use it: 
  In SAP CRM-MKT Marketing, spend types are used to classify marketing expenses. When creating a new marketing expense, the user must select a spend type from the list of available options. The spend type will then be used to track the expense and provide an overview of the total marketing budget. 
  
  Tips & Tricks: 
  When creating a new spend type, it is important to ensure that it is accurately classified. This will help ensure that the budget is allocated correctly and that all expenses are tracked accurately. Additionally, it is important to keep track of all spend types in order to get an accurate overview of the total marketing budget. 
  
  Related Information: 
  For more information on spend types in SAP CRM-MKT Marketing, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed information on how to use spend types in SAP CRM-MKT Marketing.