What is event in SAP SCM-APO-FCS - Demand Planning?

SAP Term: event

• Component: SCM-APO-FCS

• Component Name: Demand Planning

• Description: Represents the occurrence of an event in the real world that has a discernible effect on the demand of certain planning objects in . It has a specific time of occurrence, a duration, and an effect on the demand. An event, can be, for example, the Christmas of 2009.

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• Key Concepts: 
  An event in SAP SCM-APO-FCS Demand Planning is a type of data that is used to represent a change in the demand for a product or service. Events can be triggered by external factors such as changes in the market, or internal factors such as changes in production or inventory levels. Events can also be used to represent changes in customer demand, such as promotions or seasonal fluctuations. 
  
  How to use it: 
  Events can be used to trigger changes in the demand planning process. For example, an event can be used to trigger a recalculation of the forecast for a particular product or service. Events can also be used to trigger changes in the supply chain, such as ordering additional inventory or adjusting production schedules. 
  
  Tips & Tricks: 
  When creating events, it is important to ensure that they are accurately defined and that they are linked to the appropriate products and services. This will ensure that the demand planning process is accurately updated when an event occurs. 
  
  Related Information: 
  Events are closely related to other concepts in SAP SCM-APO-FCS Demand Planning, such as drivers and forecasts. Drivers are used to represent external factors that can affect demand, while forecasts are used to predict future demand based on historical data and events.