What is reservation area in SAP RE-FX - Flexible Real Estate Management?

SAP Term: reservation area

• Component: RE-FX

• Component Name: Flexible Real Estate Management

• Description: A means of classifying reservation objects based on their location and on organizational considerations.

Smart SAP Assistant

• Key Concepts: 
  A reservation area is a feature of the RE-FX Flexible Real Estate Management component of SAP. It is used to reserve a certain amount of space for a specific purpose, such as a new office or warehouse. The reservation area is used to ensure that the space is available when needed and that it is not taken up by other activities. 
  
  How to use it: 
  The reservation area can be used to reserve space for a specific purpose. This can be done by creating a reservation area in the RE-FX Flexible Real Estate Management component of SAP. Once the reservation area has been created, it can be used to reserve space for a specific purpose. The reservation area can also be used to track the progress of the project and ensure that the space is available when needed. 
  
  Tips & Tricks: 
  When creating a reservation area, it is important to ensure that the space is reserved for the intended purpose. It is also important to ensure that the reservation area is updated regularly so that it reflects any changes in the project or in the availability of the space. 
  
  Related Information: 
  The RE-FX Flexible Real Estate Management component of SAP also includes other features such as lease management, asset management, and portfolio management. These features can be used in conjunction with the reservation area to ensure that all aspects of the project are managed effectively.