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

SAP Term: demand forecast

• Component: CA-DDF-RT

• Component Name: Demand Data Foundation for Retail

• Description: Demand predicted for a particular product, in a particular location, for a given scenario for example, promotion, sales channel, for a specific time period in the future. Any aggregation of demand forecasts across products, locations, scenarios, or time is also a demand forecast.

Smart SAP Assistant

• Key Concepts: 
  Demand forecast is a component of the SAP Demand Data Foundation for Retail (CA-DDF-RT). It is a tool used to predict future customer demand for products and services. It uses historical data, market trends, and other factors to create an accurate forecast of future demand. 
  
  How to use it: 
  Demand forecast can be used to help businesses plan for future demand. It can be used to identify potential opportunities and risks in the market, as well as to create more accurate sales forecasts. The tool can also be used to optimize inventory levels and pricing strategies. 
  
  Tips & Tricks: 
  When using demand forecast, it is important to ensure that the data being used is up-to-date and accurate. Additionally, it is important to consider external factors such as seasonality and economic conditions when creating a forecast. 
  
  Related Information: 
  The Demand Data Foundation for Retail (CA-DDF-RT) also includes other components such as supply chain planning, inventory optimization, and pricing optimization. These components can be used in conjunction with demand forecast to create a comprehensive view of customer demand.