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

SAP Term: planning profile

• Component: FIN-SEM-BPS

• Component Name: Business Planning and Simulation

• Description: A user-specific combination of planning objects, which are displayed during the planning session in the planning environment. Planning profiles are used to only present those planning objects from the possibly very large quantity of planning objects, which are relevant to a specific user or a certain planning task.

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• Key Concepts: 
  A planning profile is a component of the Business Planning and Simulation (BPS) module in SAP. It is used to define the characteristics of a planning object, such as the type of data, the time period, and the currency. The planning profile also contains information about the data source, such as whether it is a master data or a transaction data. 
  
  How to use it: 
  To use a planning profile, you must first create it in the BPS module. This can be done by selecting the “Planning Profile” option from the menu. Once created, you can assign it to a planning object. This will allow you to define the characteristics of the planning object, such as its type, time period, and currency. 
  
  Tips & Tricks: 
  When creating a planning profile, make sure to select the correct data source for your planning object. This will ensure that you are able to access all of the necessary data for your planning process. Additionally, make sure to select an appropriate time period for your planning object. This will ensure that you are able to accurately plan for future events. 
  
  Related Information: 
  For more information on how to use a planning profile in SAP, please refer to the official SAP documentation on Business Planning and Simulation (BPS). Additionally, there are many online tutorials available that provide step-by-step instructions on how to create and use a planning profile in SAP.