What is shortage in SAP SCM-IBP-PLA - Planning Framework?

SAP Term: shortage

• Component: SCM-IBP-PLA

• Component Name: Planning Framework

• Description: The insufficient supply quantity sent out from a location.

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• Key Concepts: 
  Shortage is a term used in the SAP SCM-IBP-PLA Planning Framework to describe a situation where the demand for a product exceeds the available supply. This can occur due to a variety of factors, such as unexpected demand, supply chain disruptions, or incorrect forecasting. 
  
  How to use it: 
  In the SAP SCM-IBP-PLA Planning Framework, shortages can be identified by comparing the demand and supply of a product. If the demand exceeds the available supply, then a shortage is present. The system can then be used to identify potential solutions to address the shortage, such as increasing production or sourcing from alternative suppliers. 
  
  Tips & Tricks: 
  It is important to monitor shortages on an ongoing basis in order to ensure that they are addressed in a timely manner. Additionally, it is important to consider all potential solutions when addressing a shortage, as some solutions may be more cost-effective or have less of an impact on customer service levels than others. 
  
  Related Information: 
  The SAP SCM-IBP-PLA Planning Framework can also be used to identify potential overstocks, which occur when there is more supply than demand for a product. Overstocks can also have an impact on customer service levels and should be monitored and addressed accordingly.