What is model in SAP EPM-SCP - Supply Chain Performance Management?

SAP Term: model

• Component: EPM-SCP

• Component Name: Supply Chain Performance Management

• Description: Interrelations of KPIs and objectives in a logical grouping forming levels in the KPI hierarchy. A model is used in the definition of a context and in the scorecard to determine the KPI hierarchy.

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  Key Concepts: 
  Model in SAP EPM-SCP Supply Chain Performance Management is a representation of a business process or system. It is used to simulate and analyze the performance of the system, and to identify potential areas of improvement. Models are created using data from the system, and can be used to identify trends, predict outcomes, and optimize processes. 
  
  How to use it: 
  Models in SAP EPM-SCP Supply Chain Performance Management can be used to analyze the performance of a system or process. To create a model, data from the system must be collected and analyzed. This data can then be used to create a model that can be used to simulate and analyze the performance of the system. 
  
  Tips & Tricks: 
  When creating models in SAP EPM-SCP Supply Chain Performance Management, it is important to ensure that the data being used is accurate and up-to-date. Additionally, it is important to ensure that the model is properly calibrated so that it accurately reflects the performance of the system or process being analyzed. 
  
  Related Information: 
  SAP EPM-SCP Supply Chain Performance Management also includes other features such as predictive analytics, optimization algorithms, and simulation tools that can be used in conjunction with models to further analyze and optimize processes. Additionally, SAP EPM-SCP Supply Chain Performance Management also includes tools for monitoring and reporting on performance metrics.