What is residence time in SAP BC-ILM - Information Lifecycle Management?

SAP Term: residence time

• Component: BC-ILM

• Component Name: Information Lifecycle Management

• Description: The amount of time that must pass before application data can be archived. Depending on the application, the basis for calculating the residence time can be the creation date, the posting period, the goods issue date, or another point in time. The residence time is usually specified in days. &EXAMPLE& The basis for calculating the residence time is the creation date. The default residence time is 90 days. In the next write phase, all data that is older than 90 days will be archived. Data that was created only 60 days ago will not be archived.

Smart SAP Assistant

• Key Concepts: 
  Residence time is a term used in SAP's Information Lifecycle Management (ILM) component. It is the amount of time that data is stored in a particular system or application before it is moved to another system or application. It is used to ensure that data is stored in the most appropriate system for its intended purpose. 
  
  How to use it: 
  Residence time can be used to determine when data should be moved from one system or application to another. This can be done by setting a specific amount of time that the data should remain in the current system before being moved. This helps to ensure that data is stored in the most appropriate system for its intended purpose. 
  
  Tips & Tricks: 
  When setting residence time, it is important to consider the type of data being stored and its intended purpose. Different types of data may require different amounts of residence time, depending on how often it needs to be accessed or updated. 
  
  Related Information: 
  SAP's Information Lifecycle Management (ILM) component provides tools and features for managing data throughout its lifecycle. This includes features such as archiving, retention, and residence time management. For more information about ILM, please visit SAP's website.