What is minimum retention period in SAP BC-ILM - Information Lifecycle Management?

SAP Term: minimum retention period

• Component: BC-ILM

• Component Name: Information Lifecycle Management

• Description: The minimum retention period with the end date specifies the earliest date on which the data can be destroyed.

Smart SAP Assistant

• Key Concepts: 
  The minimum retention period is a feature of SAP's Information Lifecycle Management (ILM) component. It is used to define the minimum amount of time that data must be kept before it can be deleted or archived. This ensures that important data is not deleted prematurely and that it is available for future use.
  
  How to use it: 
  The minimum retention period can be set in the ILM configuration. It can be set for individual objects or for entire systems. The period can be set in days, weeks, months, or years. Once the period has been set, the system will automatically delete or archive data after the specified time has elapsed.
  
  Tips & Tricks: 
  When setting the minimum retention period, it is important to consider the needs of the business and the amount of data that needs to be retained. Setting a longer period may help ensure that important data is not deleted prematurely, but it may also increase storage costs.
  
  Related Information: 
  For more information on SAP's ILM component and how to configure the minimum retention period, please refer to SAP's official documentation.