What is demand influencing factor occurrence in SAP SCM-FRE - Forecasting and Replenishment?

SAP Term: demand influencing factor occurrence

• Component: SCM-FRE

• Component Name: Forecasting and Replenishment

• Description: The concrete occurrence of an external demand influencing factor DIF, or a change to its value. This occurrence always pertains to a particular period of time and a particular quantity of locations/products that are subject to the DIF’s occurrence or its change in value. Examples of demand influencing factor occurrences: DIF "Christmas" occurrences could be "Christmas 2001", "Christmas 2002", "Christmas 2003", and so on. DIF "Vacation" occurrences could be "Easter Vacation 2002", "Summer Vacation 2002", "Easter Vacation 2003", and so on. DIF "Promotion" occurrences could be "T-Shirt Promotion - Spring 2002", "Soft Ice Promotion - Summer 2002", "Boots Promotion - Fall 2002", and so on. DIF "Sales Price" occurrences could be "Special Discount for Product ABC", "Price Increase for Product XYZ", and so on.

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• Key Concepts: 
  Demand influencing factor occurrence is a component of SAP SCM-FRE Forecasting and Replenishment. It is used to define the influence of external factors on the demand for a product. These external factors can include seasonality, promotions, and other market conditions. The demand influencing factor occurrence helps to create more accurate forecasts by taking into account these external factors. 
  
  How to use it: 
  The demand influencing factor occurrence can be used to create more accurate forecasts by taking into account external factors. To do this, the user must first define the external factors that will influence the demand for a product. This can be done by entering the relevant data into the system. Once this is done, the system will use this data to create more accurate forecasts. 
  
  Tips & Tricks: 
  When defining external factors, it is important to ensure that all relevant data is entered into the system. This will help to ensure that the forecasts created are as accurate as possible. Additionally, it is important to regularly review and update the data in order to keep up with changing market conditions. 
  
  Related Information: 
  For more information on demand influencing factor occurrence, please refer to SAP's official documentation on SCM-FRE Forecasting and Replenishment. Additionally, there are many online resources available that provide further information on this topic.