What is 'feedlot' in SAP LO-AGR-LSP - Livestock Procurement?

feedlot - Overview

• Component: LO-AGR-LSP

• Component Name: Livestock Procurement

• Description: Identifier for a group of livestock being bred at the feedyard. This is typically provided by the feedyard.

feedlot - Details

• 
  Key Concepts: 
  A feedlot is a type of livestock production system used in SAP's LO-AGR-LSP Livestock Procurement component. It is a confined area where animals are kept and fed a specific diet to increase their weight before they are sold. Feedlots are used to produce high-quality meat products for the market.
  
  How to use it: 
  In SAP's LO-AGR-LSP Livestock Procurement component, feedlots can be used to manage the procurement of animals for slaughter. The system allows users to track the animals' weight, diet, and other factors to ensure that they are being fed properly and gaining the desired amount of weight. The system also allows users to track the cost of feed and other expenses associated with running a feedlot.
  
  Tips & Tricks: 
  When using SAP's LO-AGR-LSP Livestock Procurement component, it is important to keep track of the animals' weight and diet in order to ensure that they are gaining the desired amount of weight. Additionally, it is important to monitor the cost of feed and other expenses associated with running a feedlot in order to maximize profits.
  
  Related Information: 
  SAP's LO-AGR-LSP Livestock Procurement component also includes features such as animal health monitoring, animal tracking, and animal identification. Additionally, the system can be used to manage the sale of animals from the feedlot and track payments from buyers.