What is demand type in SAP CA-FS-PO - Price Optimization for Banking?

SAP Term: demand type

• Component: CA-FS-PO

• Component Name: Price Optimization for Banking

• Description: An attribute which tells the system which models to use and which pre- modelling processes to use. It also categorizes different customer needs within each line of business. For example, CDs and money markets are demand types in the lines of business 'Deposits'.

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• Key Concepts: 
  Demand type is a feature of the SAP CA-FS-PO Price Optimization for Banking component. It is used to define the type of demand that is being analyzed, such as customer demand, market demand, or product demand. This helps to ensure that the pricing optimization process is tailored to the specific needs of the business. 
  
  How to use it: 
  Demand type can be set up in the SAP system by navigating to the Demand Type tab in the Price Optimization for Banking component. Here, users can select from a list of available demand types and configure them according to their needs. Once configured, the demand type will be used to analyze pricing data and generate optimized pricing recommendations. 
  
  Tips & Tricks: 
  When setting up a demand type, it is important to consider the specific needs of the business and ensure that the demand type is configured accordingly. Additionally, it is important to keep in mind that different demand types may require different pricing strategies and optimization techniques. 
  
  Related Information: 
  For more information on setting up and using demand types in SAP CA-FS-PO Price Optimization for Banking, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials and best practices for using this component.