What is forecasting in SAP SCM-APO-EMS - Enhanced Maintenance and Service Planning?

SAP Term: forecasting

• Component: SCM-APO-EMS

• Component Name: Enhanced Maintenance and Service Planning

• Description: A process to anticipate all maintenance demands as a basis for the planning process. Forecasting is based on the maintenance cycles defined for the maintenance objects, as well as on the actual utilization data from a connected SAP ERP system if there are maintenance objects with external reference.

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• Key Concepts: 
  Forecasting is a process used to predict future demand for a product or service. In SAP, forecasting is used in the SCM-APO-EMS Enhanced Maintenance and Service Planning component to help businesses plan for future demand and optimize their supply chain. Forecasting helps businesses anticipate customer needs and plan for the resources needed to meet those needs. 
  
  How to use it: 
  Forecasting in SAP is done using the SCM-APO-EMS Enhanced Maintenance and Service Planning component. This component allows businesses to create forecasts based on historical data, current trends, and other factors. The forecasts can then be used to plan for future demand and optimize the supply chain. 
  
  Tips & Tricks: 
  When creating forecasts in SAP, it is important to consider all relevant factors such as historical data, current trends, customer preferences, and more. Additionally, it is important to regularly review and update forecasts as new information becomes available. 
  
  Related Information: 
  For more information on forecasting in SAP, please refer to the official SAP documentation here: https://help.sap.com/viewer/product/SCM_APO_EMS/7.5/en-US