What is forecast run in SAP CRM-MKT-MPL-TPO - SAP Trade Promotion Optimization?

SAP Term: forecast run

• Component: CRM-MKT-MPL-TPO

• Component Name: SAP Trade Promotion Optimization

• Description: An assessment of trade promotion parameters to forecast future sales, based on data from the past. A forecast run is created for each call of the science system. A forecast run stores all parameters that have been used for the forecast, prediction, or simulation and the scenario outcomes of the run.

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• Key Concepts: 
  A forecast run is a process in SAP Trade Promotion Optimization (CRM-MKT-MPL-TPO) that uses historical sales data to predict future sales. It uses advanced algorithms to analyze the data and generate a forecast of future sales. The forecast run can be used to plan promotional activities and optimize trade promotion investments.
  
  How to use it: 
  To use the forecast run, you must first enter the historical sales data into the system. This data can be imported from external sources or manually entered into the system. Once the data is entered, you can run the forecast run to generate a forecast of future sales. The results of the forecast run can then be used to plan promotional activities and optimize trade promotion investments.
  
  Tips & Tricks: 
  It is important to ensure that the historical sales data is accurate and up-to-date before running the forecast run. Additionally, it is important to review the results of the forecast run and adjust any parameters as needed to ensure that the results are accurate and reliable.
  
  Related Information: 
  The forecast run is just one of many features available in SAP Trade Promotion Optimization (CRM-MKT-MPL-TPO). Other features include promotional planning, budgeting, and optimization tools. Additionally, there are many resources available online that provide more information about SAP Trade Promotion Optimization and how to use it effectively.