What is aggregated lifecycle planning in SAP SCM-IBP-DM - Demand?

SAP Term: aggregated lifecycle planning

• Component: SCM-IBP-DM

• Component Name: Demand

• Description: A demand planning method that can be used to run forecasts for products on an aggregated level, for example on product group or product family level.

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• Key Concepts: 
  Aggregated Lifecycle Planning (ALP) is a feature of SAP's Demand Planning component of the Supply Chain Management - Integrated Business Planning (SCM-IBP-DM) suite. It is a planning tool that allows users to plan and manage the entire lifecycle of a product, from its introduction to the market to its eventual retirement. ALP enables users to plan for the entire lifecycle of a product, including forecasting, inventory management, and pricing. 
  
  How to use it: 
  ALP can be used to create a comprehensive plan for the entire lifecycle of a product. This includes forecasting demand, managing inventory levels, and setting prices. ALP also allows users to track and analyze historical data in order to make more informed decisions about future plans. 
  
  Tips & Tricks: 
  When using ALP, it is important to keep in mind that it is designed to be used as a planning tool rather than an execution tool. As such, it is important to ensure that all plans created with ALP are regularly reviewed and updated as needed. Additionally, it is important to ensure that all data used in ALP is accurate and up-to-date in order to ensure the most accurate results. 
  
  Related Information: 
  For more information on Aggregated Lifecycle Planning, please refer to the SAP Help Portal or contact your local SAP representative. Additionally, there are many online resources available that provide detailed information on how to use ALP effectively.