What is shelf life in SAP (SCM-IBP-PLA - Planning Framework)?

SAP Term: shelf life

• Component: SCM-IBP-PLA

• Component Name: Planning Framework

• Description: The period of time during which a product may be stored and remain suitable for production or trade.

Smart SAP Assistant

• Key Concepts: 
  Shelf life is a term used in the SAP SCM-IBP-PLA Planning Framework to refer to the amount of time a product can remain in inventory before it expires. It is important to consider shelf life when planning inventory levels, as expired products must be removed from inventory and replaced with fresh stock. 
  
  How to use it: 
  When using the SAP SCM-IBP-PLA Planning Framework, shelf life should be taken into account when determining inventory levels. The shelf life of a product should be considered when calculating the amount of stock needed to meet customer demand. Additionally, shelf life should be monitored regularly to ensure that expired products are removed from inventory and replaced with fresh stock. 
  
  Tips & Tricks: 
  It is important to accurately estimate the shelf life of a product when planning inventory levels. If the shelf life is underestimated, there is a risk of having too much expired stock in inventory. On the other hand, if the shelf life is overestimated, there is a risk of having too little stock on hand to meet customer demand. 
  
  Related Information: 
  The SAP SCM-IBP-PLA Planning Framework also includes features such as demand forecasting and supply chain optimization that can help ensure that inventory levels are properly managed and that customer demand is met. Additionally, SAP offers a variety of other software solutions that can help manage inventory levels and optimize supply chains.