What is 'safety margin' in SAP IS-OIL-OLM - Remote Logistics Management?

safety margin - Overview

• Component: IS-OIL-OLM

• Component Name: Remote Logistics Management

• Description: A period immediately prior to the next certification date during which it is not considered safe to use a container.

safety margin - Details

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  Key Concepts: 
  Safety margin is a concept used in the IS-OIL-OLM Remote Logistics Management component of SAP. It is a measure of the amount of extra capacity that is available to handle unexpected increases in demand or supply. This extra capacity can be used to ensure that the system can handle any sudden changes in demand or supply without having to make drastic changes to the system. 
  
  How to use it: 
  The safety margin can be used to ensure that the system is able to handle any sudden changes in demand or supply without having to make drastic changes to the system. The safety margin should be set at a level that is appropriate for the particular system and its expected usage. 
  
  Tips & Tricks: 
  When setting the safety margin, it is important to consider the expected usage of the system and any potential changes in demand or supply that may occur. It is also important to consider any potential risks associated with setting the safety margin too low or too high. 
  
  Related Information: 
  The safety margin concept is closely related to other concepts such as capacity planning, resource allocation, and risk management. It is important to understand how these concepts interact with each other in order to effectively manage a system's resources and ensure its stability.