What is clearance in SAP CA-DDF-RT - Demand Data Foundation for Retail?

SAP Term: clearance

• Component: CA-DDF-RT

• Component Name: Demand Data Foundation for Retail

• Description: A promotional event where particular products are sold at discount prices with the specific aim of clearing the merchandise from the store. For example, clearances might take place when a store needs to free up storage space for new stock or because it will no longer carry a particular line of products.

Smart SAP Assistant

• Key Concepts: 
  Clearance is a feature of the Demand Data Foundation for Retail (CA-DDF-RT) component of SAP. It allows retailers to manage the clearance of products from their inventory. This includes setting up clearance rules, managing clearance prices, and tracking the progress of clearance items. 
  
  How to use it: 
  To use the clearance feature, retailers must first set up clearance rules. These rules define the criteria for when a product should be cleared from inventory. Once the rules are set up, retailers can then manage the clearance prices for each product. Finally, retailers can track the progress of clearance items in their inventory. 
  
  Tips & Tricks: 
  When setting up clearance rules, it is important to consider the customer’s needs and preferences. This will help ensure that customers are getting the best deals on clearance items. Additionally, retailers should regularly review their clearance prices to ensure they are competitive in the market. 
  
  Related Information: 
  The Demand Data Foundation for Retail (CA-DDF-RT) component of SAP also includes features such as demand forecasting and inventory optimization. These features can help retailers better manage their inventory and ensure they have the right products in stock at all times.