What is what-if analysis in SAP LOD-CRM-SOD - Sales OnDemand?

SAP Term: what-if analysis

• Component: LOD-CRM-SOD

• Component Name: Sales OnDemand

• Description: A simulation enabling systematic changes to variables in a statistical model to determine the possible outcomes of those changes.

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• Key Concepts: 
  What-if analysis is a tool used in SAP Sales OnDemand to simulate different scenarios and predict the outcomes of potential changes. It allows users to explore different options and make informed decisions based on the results. The tool can be used to analyze sales performance, customer behavior, and other factors that may affect the success of a business. 
  
  How to use it: 
  To use what-if analysis in SAP Sales OnDemand, users must first select the data they want to analyze. This can include sales figures, customer demographics, or any other relevant information. Once the data is selected, users can then create different scenarios and adjust variables such as pricing, discounts, or promotions. The tool will then generate a report that shows the predicted outcomes of each scenario. 
  
  Tips & Tricks: 
  When using what-if analysis in SAP Sales OnDemand, it is important to remember that the results are only as accurate as the data used. Therefore, it is important to ensure that all data is up-to-date and accurate before running any simulations. Additionally, it is important to consider all possible scenarios when creating simulations in order to get the most accurate results. 
  
  Related Information: 
  For more information on what-if analysis in SAP Sales OnDemand, please refer to the official documentation available on the SAP website. Additionally, there are many online tutorials and resources available that provide step-by-step instructions on how to use this tool effectively.