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

SAP Term: trend model

• Component: PP-MP

• Component Name: Production Planning

• Description: A model for a consumption flow that represents a trend. You have a trend if consumption values fall or rise constantly over a long time with occasional deviations.

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• Key Concepts: 
  A trend model in SAP PP-MP Production Planning for Process Industries is a tool used to predict future demand for a product or service. It uses historical data to create a forecast of future demand. The trend model can be used to plan production and inventory levels, as well as to identify potential problems in the supply chain. 
  
  How to use it: 
  To use the trend model, first enter the historical data into the system. This data should include sales figures, production levels, and inventory levels. Once the data is entered, the system will generate a forecast of future demand based on the historical data. This forecast can then be used to plan production and inventory levels accordingly. 
  
  Tips & Tricks: 
  When using the trend model, it is important to ensure that the historical data is accurate and up-to-date. This will ensure that the forecast generated by the system is as accurate as possible. Additionally, it is important to regularly review and update the historical data in order to keep the forecast up-to-date. 
  
  Related Information: 
  The trend model can be used in conjunction with other forecasting tools such as regression analysis and time series analysis. Additionally, it can be used in combination with other SAP PP-MP Production Planning for Process Industries tools such as material requirements planning (MRP) and capacity planning.