What is future ordered quantity in SAP SCM-IBP - Integrated Business Planning?

SAP Term: future ordered quantity

• Component: SCM-IBP

• Component Name: Integrated Business Planning

• Description: The quantity of items in confirmed or unconfirmed sales orders or stock transport orders that are due to be delivered at a future date.

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• Key Concepts: 
  Future Ordered Quantity (FOQ) is a term used in SAP's Integrated Business Planning (IBP) component of Supply Chain Management (SCM). It is a forecast of the quantity of a product that will be ordered in the future. This forecast is based on historical data and current market trends. 
  
  How to use it: 
  The FOQ can be used to plan for future orders and to ensure that there is enough inventory to meet customer demand. It can also be used to identify potential areas of improvement in the supply chain, such as reducing lead times or increasing efficiency. 
  
  Tips & Tricks: 
  When using the FOQ, it is important to consider the accuracy of the data being used. Historical data should be up-to-date and accurate, and current market trends should be taken into account. Additionally, it is important to consider any external factors that may affect future orders, such as changes in customer demand or new competitors entering the market. 
  
  Related Information: 
  The FOQ is just one part of SAP's Integrated Business Planning component. Other features include demand planning, inventory optimization, and supply chain analytics. Additionally, SAP offers a range of other SCM solutions, such as Advanced Planning & Optimization (APO) and Extended Supply Chain (ESC).