What is time-series-based shelf life planning heuristic in SAP SCM-IBP-PLA - Planning Framework?

SAP Term: time-series-based shelf life planning heuristic

• Component: SCM-IBP-PLA

• Component Name: Planning Framework

• Description: An algorithm that takes the shelf life of products into account when creating an infinite supply plan with no shortages. It follows the same planning philosophy as the time-series-based supply planning heuristic type: infinite with no shortages, which is to balance insufficient supply with negative projected stock for the location products in question. It doesn't support all the features and key figures available with the other heuristics.

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• Key Concepts: 
  Time-series-based shelf life planning heuristic is a component of the SAP SCM-IBP-PLA Planning Framework. It is a planning algorithm that helps to optimize the shelf life of products by taking into account the time-series data of the product’s demand and supply. The algorithm uses this data to determine the optimal shelf life for each product, taking into account factors such as seasonality, demand patterns, and supply constraints. 
  
  How to use it: 
  The time-series-based shelf life planning heuristic can be used to optimize the shelf life of products in a variety of ways. For example, it can be used to determine the optimal shelf life for a product based on its demand and supply patterns, or to adjust the shelf life of a product based on changes in its demand or supply. Additionally, it can be used to identify potential problems with a product’s shelf life, such as overstocking or understocking. 
  
  Tips & Tricks: 
  When using the time-series-based shelf life planning heuristic, it is important to ensure that the data used is accurate and up-to-date. Additionally, it is important to consider other factors that may affect the shelf life of a product, such as storage conditions and customer preferences. 
  
  Related Information: 
  For more information about the time-series-based shelf life planning heuristic, please refer to SAP’s documentation on SCM-IBP-PLA Planning Framework. Additionally, there are several online resources available that provide further information about optimizing product shelf life.