What is model parameter in SAP PP-MP - Production Planning?

SAP Term: model parameter

• Component: PP-MP

• Component Name: Production Planning

• Description: A term for parameters in a forecast model. Model parameters are, for example, basic value, trend value and mean absolute deviation.

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• Key Concepts: 
  Model parameters are used in the Production Planning (PP) module of SAP to define the characteristics of a production model. These parameters include the production process, the number of machines and resources needed, and the production costs associated with each step. The model parameters are used to create a production plan that is optimized for cost and efficiency. 
  
  How to use it: 
  The model parameters are set up in the PP-MP (Production Planning - Model Parameters) component of SAP. The user can define the production process, the number of machines and resources needed, and the production costs associated with each step. Once these parameters are set up, they can be used to create a production plan that is optimized for cost and efficiency. 
  
  Tips & Tricks: 
  When setting up model parameters in SAP, it is important to consider all aspects of the production process. This includes the number of machines and resources needed, as well as any additional costs associated with each step. It is also important to consider any potential changes in demand or supply that could affect the production plan. 
  
  Related Information: 
  For more information on model parameters in SAP, please refer to the official SAP documentation on Production Planning - Model Parameters (PP-MP). Additionally, there are many online resources available that provide detailed tutorials on how to set up model parameters in SAP.