Hi Nishant,
The /SAPSRM/CL_REPO_FACTORY refers to the customizing switch for local analytics.
SRM_700_ANALYTICS_LOCAL -> BW-Independent Analytics
The METHOD GET_INSTANCE of the mentioned class checks if this flag is active in customizing:
ASSERT /sapsrm/cl_sw_700_wo_bf=>analytics_local_is_active( ) = abap_true.
Regards,
Jason