What is optimization scenario in SAP LOD-ESO - Sourcing OnDemand?

SAP Term: optimization scenario

• Component: LOD-ESO

• Component Name: Sourcing OnDemand

• Description: A set of rules and goals that allows the optimizer to generate an automatic multi-supplier RFx award.

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• Key Concepts: 
  Optimization Scenario is a feature of the LOD-ESO Sourcing OnDemand component of SAP. It allows users to create and manage scenarios for optimizing their sourcing processes. This includes creating and managing multiple scenarios, setting up rules and constraints, and running optimization algorithms to determine the best sourcing strategy. 
  
  How to use it: 
  To use Optimization Scenario, users must first create a scenario. This involves setting up rules and constraints, such as budget limits, supplier preferences, and delivery times. Once the scenario is created, users can then run optimization algorithms to determine the best sourcing strategy. The results of the optimization can then be used to make decisions about which suppliers to use and how much to spend on each supplier. 
  
  Tips & Tricks: 
  When creating an Optimization Scenario, it is important to consider all of the factors that may affect the outcome of the optimization. This includes budget limits, supplier preferences, delivery times, and any other factors that may influence the results. Additionally, it is important to ensure that all of the data used in the optimization is accurate and up-to-date. 
  
  Related Information: 
  For more information about Optimization Scenario in SAP LOD-ESO Sourcing OnDemand, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tutorials and tips for using Optimization Scenario in SAP LOD-ESO Sourcing OnDemand.