What is forecast analysis in SAP SCM-APO-FCS - Demand Planning?

SAP Term: forecast analysis

• Component: SCM-APO-FCS

• Component Name: Demand Planning

• Description: An analysis run performed on customer forecasts including tolerance, frequency, and horizon checks. If significant changes have occurred since the previous week, the forecasts can be manually analyzed and approved.

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• Key Concepts: 
  Forecast analysis is a component of SAP's Supply Chain Management (SCM) Advanced Planner and Optimizer (APO) Demand Planning module. It is used to analyze and predict future demand for products and services. Forecast analysis uses historical data, market trends, and other factors to create accurate forecasts. 
  
  How to use it: 
  Forecast analysis can be used to create a forecast for a single product or for multiple products. It can also be used to create forecasts for different time periods, such as weekly, monthly, or yearly. The user can also specify the level of accuracy they want in the forecast. 
  
  Tips & Tricks: 
  When using forecast analysis, it is important to ensure that the data used is up-to-date and accurate. Additionally, it is important to consider external factors such as market trends and customer preferences when creating a forecast. 
  
  Related Information: 
  For more information on forecast analysis, please refer to the SAP Help Portal or contact your local SAP representative.