What is statistical range of coverage in SAP PP-MRP - Material Requirements Planning?

SAP Term: statistical range of coverage

• Component: PP-MRP

• Component Name: Material Requirements Planning

• Description: The number of days the available plant stock covers requirements. This is assuming average daily requirements, and that no new receipts are taken into account. The statistical range of coverage can be defined by the MRP controller as the planned number of days that a material must be available. The system can also calculated it.

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• Key Concepts: 
  Statistical range of coverage is a feature in SAP's Material Requirements Planning (MRP) component that allows users to define a range of coverage for a material. This range is used to determine the amount of safety stock that should be maintained for the material. The range is based on statistical calculations and can be adjusted to meet the user's needs. 
  
  How to use it: 
  To use the statistical range of coverage feature, users must first define the range in the MRP settings. This can be done by entering the minimum and maximum values for the range. Once the range is defined, it will be used to calculate the safety stock for the material. The safety stock will then be used to determine how much of the material should be kept in inventory. 
  
  Tips & Tricks: 
  When setting up the statistical range of coverage, it is important to consider the lead time for the material and any other factors that may affect its availability. This will help ensure that enough safety stock is maintained to meet customer demand. Additionally, it is important to regularly review and adjust the range as needed to ensure that it remains accurate and up-to-date. 
  
  Related Information: 
  For more information on using the statistical range of coverage feature in SAP's MRP component, please refer to SAP's official documentation or contact your local SAP support team.