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

SAP Term: time-series-based supply planning finite heuristic

• Component: SCM-IBP-PLA

• Component Name: Planning Framework

• Description: An algorithm that creates a finite supply plan based on prioritized demand, taking into account certain supply and resource constraints. It provides a prioritized, constrained feasible solution, with priorities derived from the costs of demand and sources of supply higher costs mean higher priority for demands, lower costs means higher priority for sources of supply. It's the only heuristic that can be used to create a supply plan based on priorities.

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• Key Concepts: 
  Time-series-based supply planning finite heuristic is a component of the SAP SCM-IBP-PLA Planning Framework. It is a planning algorithm that uses time series data to create a finite heuristic solution for supply planning. This algorithm takes into account the demand and supply of materials over time, as well as the cost of production and transportation, to create an optimal plan for meeting customer demand. 
  
  How to use it: 
  The time-series-based supply planning finite heuristic can be used to create an optimal plan for meeting customer demand. The algorithm takes into account the demand and supply of materials over time, as well as the cost of production and transportation, to create an optimal plan. The algorithm can be used to create plans for short-term or long-term supply needs. 
  
  Tips & Tricks: 
  When using the time-series-based supply planning finite heuristic, it is important to ensure that the data used is accurate and up-to-date. This will ensure that the algorithm produces an optimal plan that meets customer demand. Additionally, it is important to consider the cost of production and transportation when creating a plan, as this will affect the overall cost of the plan. 
  
  Related Information: 
  The time-series-based supply planning finite heuristic is part of the SAP SCM-IBP-PLA Planning Framework. This framework provides a comprehensive set of tools for creating and managing supply chain plans. Additionally, SAP offers a range of other tools and services related to supply chain management, such as SAP Ariba Supply Chain Collaboration and SAP Extended Supply Chain Management.