What is planning package in SAP FIN-SEM-BPS - Business Planning and Simulation?

SAP Term: planning package

• Component: FIN-SEM-BPS

• Component Name: Business Planning and Simulation

• Description: A selection of data in which planning functions operate. A planning package is used to define a selection for those characteristics where no selection was already defined in the planning level. In the case of a complete data selection in the planning level, a planning package must also be available in order to execute planning functions.

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• Key Concepts: 
  A planning package is a collection of related planning objects in SAP Business Planning and Simulation (FIN-SEM-BPS). It is used to store and manage data for a specific planning task. The package contains all the necessary information for the planning task, such as the data model, the planning functions, and the data sources. 
  
  How to use it: 
  To use a planning package, first create a new package in the SAP Business Planning and Simulation (FIN-SEM-BPS) application. Then, add the necessary objects to the package, such as data models, planning functions, and data sources. Once all the objects are added, you can start using the package to perform your planning tasks. 
  
  Tips & Tricks: 
  When creating a new planning package, it is important to consider the scope of the package. Make sure that all the necessary objects are included in the package and that they are properly configured. Additionally, it is important to keep track of any changes made to the package so that you can easily revert back to an earlier version if needed. 
  
  Related Information: 
  For more information about planning packages in SAP Business Planning and Simulation (FIN-SEM-BPS), please refer to the official documentation on SAP Help Portal. Additionally, there are many online tutorials available that provide step-by-step instructions on how to create and use planning packages.