What is 'selling class' in SAP SCM-FRE - Forecasting and Replenishment?

selling class - Overview

• Component: SCM-FRE

• Component Name: Forecasting and Replenishment

• Description: A classification of a product based on its inventory turnover. The selling class indicates how frequently a product is sold on average per period. Examples of selling classes are fast seller, slow seller, or ultra-slow seller.

selling class - Details

• 
  Key Concepts: 
  Selling class is a feature of the SAP Forecasting and Replenishment (SCM-FRE) component. It is used to group products into categories based on their sales characteristics. This allows for more accurate forecasting and replenishment of inventory. 
  
  How to use it: 
  The selling class feature can be used to group products into categories based on their sales characteristics. This allows for more accurate forecasting and replenishment of inventory. The categories can be based on factors such as seasonality, product type, or customer segment. The selling class feature can also be used to set up different replenishment strategies for different product categories. 
  
  Tips & Tricks: 
  When setting up the selling class feature, it is important to consider the sales characteristics of each product category. This will help ensure that the correct replenishment strategies are applied to each product category. Additionally, it is important to review the selling class settings regularly to ensure that they are still relevant and up-to-date. 
  
  Related Information: 
  For more information about the SAP Forecasting and Replenishment (SCM-FRE) component, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed tutorials and best practices for using the selling class feature.