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

SAP Term: planning sequence

• Component: FIN-SEM-BPS

• Component Name: Business Planning and Simulation

• Description: A list of user-defined planning functions or parameter groups, which are processed sequentially in the order determined by the list. Planning sequences are used to execute recurrent, complex planning tasks as efficiently as possible. These can be defined both locally within a planning area and globally across several planning areas.

Smart SAP Assistant

• Key Concepts: 
  Planning sequence is a feature of the Business Planning and Simulation (BPS) component of SAP. It allows users to define a sequence of planning activities that are to be executed in a specific order. This sequence can be used to create a plan for a specific period of time, such as a fiscal year or quarter. The planning sequence can also be used to define the order in which different planning activities are to be executed. 
  
  How to use it: 
  To use the planning sequence feature, users must first define the sequence of activities that they want to execute. This can be done by creating a new planning sequence or by editing an existing one. Once the sequence is defined, users can then assign it to a specific period of time, such as a fiscal year or quarter. The planning sequence will then be used to execute the activities in the order specified. 
  
  Tips & Tricks: 
  When creating or editing a planning sequence, it is important to consider the order in which activities should be executed. For example, if one activity depends on the results of another activity, it should be placed after that activity in the sequence. Additionally, it is important to consider how long each activity will take and how much time is available for each period. This will help ensure that all activities are completed within the allotted time frame. 
  
  Related Information: 
  The Business Planning and Simulation (BPS) component of SAP also includes features such as budgeting, forecasting, and reporting. These features can be used in conjunction with the planning sequence feature to create comprehensive plans for any given period of time. Additionally, SAP provides various tools and resources that can help users better understand and utilize the planning sequence feature.