What is minimum required shelf life in SAP SCM-IBP-PLA - Planning Framework?

SAP Term: minimum required shelf life

• Component: SCM-IBP-PLA

• Component Name: Planning Framework

• Description: The shortest product shelf life required by a customer to fulfill a customer demand.

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• Key Concepts: 
  Minimum required shelf life is a feature of the SAP SCM-IBP-PLA Planning Framework that allows users to set a minimum shelf life for products. This ensures that products are not sold before they reach their expiration date. It also helps to ensure that products are not overstocked, as they will be removed from the shelves before they expire.
  
  How to use it: 
  To use the minimum required shelf life feature, users must first set up the shelf life for each product in the system. This can be done by entering the expiration date for each product in the system. Once this is done, users can then set a minimum shelf life for each product. This will ensure that products are not sold before they reach their expiration date.
  
  Tips & Tricks: 
  When setting up the minimum required shelf life for products, it is important to consider the type of product and its expected shelf life. For example, if a product has a short shelf life, then it may be necessary to set a shorter minimum shelf life than if the product had a longer shelf life. Additionally, it is important to consider how often products are sold and how quickly they expire in order to ensure that products are not overstocked or sold before they expire.
  
  Related Information: 
  The SAP SCM-IBP-PLA Planning Framework also includes features such as demand forecasting, inventory optimization, and supply chain analytics. These features can help users better manage their supply chain and ensure that products are available when needed. Additionally, users can use these features to optimize their inventory levels and reduce costs associated with overstocking or understocking products.