What is data lifecycle management in SAP (SCM-IBP - Integrated Business Planning)?

SAP Term: data lifecycle management

• Component: SCM-IBP

• Component Name: Integrated Business Planning

• Description: The process of managing the data in your system to keep it up-to-date and to avoid obsolete data from taking up valuable in-memory space.

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• Key Concepts: 
  Data Lifecycle Management (DLM) is a process used in SAP SCM-IBP Integrated Business Planning to manage the flow of data from its source to its destination. It involves the collection, storage, analysis, and reporting of data throughout its lifecycle. DLM helps organizations to ensure that data is accurate, up-to-date, and secure.
  
  How to use it: 
  Data Lifecycle Management in SAP SCM-IBP Integrated Business Planning can be used to manage the flow of data from its source to its destination. It involves collecting data from various sources, storing it in a secure database, analyzing it for insights, and reporting on the results. The process also includes ensuring that data is accurate, up-to-date, and secure.
  
  Tips & Tricks: 
  When using Data Lifecycle Management in SAP SCM-IBP Integrated Business Planning, it is important to ensure that all data is collected accurately and stored securely. Additionally, it is important to regularly review the data for accuracy and completeness. Finally, it is important to ensure that all reports are accurate and up-to-date.
  
  Related Information: 
  Data Lifecycle Management is an important part of any organization’s overall data management strategy. For more information on Data Lifecycle Management in SAP SCM-IBP Integrated Business Planning, please refer to the official SAP documentation.