What is collaborative forecasting in SAP SCM-APO-FCS - Demand Planning?

SAP Term: collaborative forecasting

• Component: SCM-APO-FCS

• Component Name: Demand Planning

• Description: The process of collecting and consolidating the forecasts of several different business units, divisions, regions, suppliers, manufacturers and/or retailers. These could be tactical, operational and/or strategic forecasts.

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• Key Concepts: 
  Collaborative forecasting is a feature of SAP's Supply Chain Management (SCM) Advanced Planner and Optimizer (APO) Forecast Consumption System (FCS) Demand Planning component. It enables users to collaborate with external partners, such as suppliers, customers, and other stakeholders, to create more accurate forecasts. This is done by sharing data and insights between the different parties, allowing for a more comprehensive view of the market and demand. 
  
  How to use it: 
  To use collaborative forecasting, users must first set up the external partners in the system. This includes entering contact information, setting up access rights, and defining the data that will be shared. Once this is done, users can begin to share data with their external partners. This can be done manually or through automated processes. The data can then be used to create more accurate forecasts by taking into account the insights of all parties involved. 
  
  Tips & Tricks: 
  When setting up external partners for collaborative forecasting, it is important to ensure that all parties have access to the same data. This will ensure that everyone has the same understanding of the market and demand. Additionally, it is important to ensure that all parties are aware of any changes in the data that may affect their forecasts. 
  
  Related Information: 
  For more information on collaborative forecasting in SAP's SCM-APO-FCS Demand Planning component, please refer to SAP's official documentation here: https://help.sap.com/viewer/product/SAP_APO_FCS/7.5/en-US