What is consumer plan in SAP SCM-IBP - Integrated Business Planning?

SAP Term: consumer plan

• Component: SCM-IBP

• Component Name: Integrated Business Planning

• Description: A type of data sharing plan that applies to a business partner who consumes the data.

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• Key Concepts: 
  Consumer Plan is a component of SAP Integrated Business Planning (IBP) that helps companies to plan and manage their demand and supply. It enables companies to forecast demand, plan production, and optimize inventory levels. It also helps companies to identify potential risks and opportunities in the supply chain. 
  
  How to use it: 
  Consumer Plan can be used to create a demand plan based on historical data, customer orders, and market trends. It can also be used to create a supply plan based on production capacity, inventory levels, and supplier availability. The plans can then be used to optimize inventory levels and identify potential risks and opportunities in the supply chain. 
  
  Tips & Tricks: 
  When using Consumer Plan, it is important to ensure that the data used for forecasting is accurate and up-to-date. Additionally, it is important to regularly review the plans created with Consumer Plan to ensure that they are still relevant and accurate. 
  
  Related Information: 
  Consumer Plan is part of SAP Integrated Business Planning (IBP). Other components of IBP include Supply Chain Control Tower, Supply Chain Planning, and Supply Chain Execution. For more information about IBP, please visit the SAP website.