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

SAP Term: lifecycle planning

• 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. Lifecycle planning also includes "Like" modelling, in which the forecast for one product is based on the historical data for one or more other products.

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• Key Concepts: 
  Lifecycle planning is a process used in SAP's SCM-APO-FCS Demand Planning component to manage the entire lifecycle of a product. This includes forecasting, production planning, and inventory management. It helps to ensure that the right products are available at the right time and in the right quantities. 
  
  How to use it: 
  Lifecycle planning is used to create a plan for the entire lifecycle of a product. This includes forecasting demand, production planning, and inventory management. The process starts with forecasting demand for the product, which is then used to create a production plan. The production plan is then used to manage inventory levels and ensure that the right products are available at the right time and in the right quantities. 
  
  Tips & Tricks: 
  When using lifecycle planning, it is important to keep track of changes in demand and adjust the production plan accordingly. It is also important to monitor inventory levels and adjust production plans if necessary. Additionally, it is important to consider any external factors that may affect demand or supply of the product. 
  
  Related Information: 
  For more information on lifecycle planning, please refer to SAP's SCM-APO-FCS Demand Planning documentation. Additionally, there are many online resources available that provide more detailed information on how to use lifecycle planning in SAP.