What is retention period in SAP SCM-APO-SPP - Service Parts Planning?

SAP Term: retention period

• Component: SCM-APO-SPP

• Component Name: Service Parts Planning

• Description: Desribes the period of time between the production end date of a product and the point in time until when a product must be available for sale. Reasons for which a product must still be available for sale for a certain length of time after the end of production include leagal requirements or for service.

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• Key Concepts: 
  Retention period is a concept used in SAP SCM-APO-SPP Service Parts Planning. It is the amount of time that a certain item is kept in stock before it is removed from the inventory. The retention period is determined by the user and can be set to any length of time. 
  
  How to use it: 
  The retention period can be set in the SAP system by going to the “Retention Period” tab in the SCM-APO-SPP Service Parts Planning module. Here, the user can enter the desired length of time for the retention period. Once this is done, the system will automatically remove items from inventory after the specified amount of time has passed. 
  
  Tips & Tricks: 
  It is important to set an appropriate retention period for each item in order to ensure that inventory levels are maintained and that items are not kept in stock for too long. It is also important to keep track of changes in demand for certain items so that the retention period can be adjusted accordingly. 
  
  Related Information: 
  The retention period concept is closely related to other concepts such as inventory management, demand forecasting, and supply chain management. Understanding these concepts and how they interact with each other can help users better manage their inventory and ensure that they have the right items in stock at all times.