What is replenishment in SAP LOD-ESO - Sourcing OnDemand?

SAP Term: replenishment

• Component: LOD-ESO

• Component Name: Sourcing OnDemand

• Description: The purchase of additional quantities of a product specified in a master agreement.

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• Key Concepts: 
  Replenishment is a process used to maintain a certain level of inventory in a warehouse or store. It involves ordering new stock when the existing stock is running low. In SAP LOD-ESO Sourcing OnDemand, replenishment is used to ensure that the right amount of materials are available for production and other operations. 
  
  How to use it: 
  In SAP LOD-ESO Sourcing OnDemand, replenishment is managed through the replenishment planning process. This process involves setting up replenishment rules, which define when and how much stock should be ordered. The replenishment planning process also includes monitoring the inventory levels and ordering new stock when necessary. 
  
  Tips & Tricks: 
  When setting up replenishment rules, it is important to consider the lead time for ordering new stock. This will help ensure that there is enough time for the new stock to arrive before the existing stock runs out. Additionally, it is important to monitor inventory levels regularly to ensure that the right amount of stock is being ordered. 
  
  Related Information: 
  SAP LOD-ESO Sourcing OnDemand also includes features such as demand forecasting and inventory optimization, which can help improve the accuracy of replenishment planning. Additionally, SAP offers a range of other solutions for managing inventory and supply chain operations.