What is lifecycle management in SAP SCM-APO-FCS - Demand Planning?

SAP Term: lifecycle management

• Component: SCM-APO-FCS

• Component Name: Demand Planning

• Description: Forecasting techniques that take into account the different stages in a product's life: introduction, growth, maturity, saturation and decline. In APO , the planner can model the beginning and end of a product's lifecycle based on phase-in and/or phase-out schedules. These schedules are stored in phase-in/phase-out profiles.

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• Key Concepts: 
  Lifecycle management is a process used to manage the entire life of a product, from its conception and development to its eventual retirement. It is an important part of Supply Chain Management (SCM) and Advanced Planning and Optimization (APO) in SAP. In particular, it is used in the Forecasting and Demand Planning (FCS) component of APO. 
  
  How to use it: 
  Lifecycle management in SAP helps companies plan for the entire life of a product, from its conception and development to its eventual retirement. It helps companies plan for the production, distribution, and marketing of products, as well as their eventual retirement. It also helps companies manage inventory levels and pricing strategies throughout the product's life cycle. 
  
  Tips & Tricks: 
  When using lifecycle management in SAP, it is important to keep track of all changes made to the product throughout its life cycle. This includes changes to production, distribution, marketing, pricing, and inventory levels. Additionally, it is important to keep track of any changes made to the product's design or features over time. 
  
  Related Information: 
  Lifecycle management is closely related to other components of SCM and APO in SAP, such as Supply Network Planning (SNP), Production Planning and Detailed Scheduling (PP/DS), and Global Available-to-Promise (GATP). Additionally, it is related to other processes such as demand forecasting and inventory optimization.