What is planning object in SAP SCM-IBP - Integrated Business Planning?

SAP Term: planning object

• Component: SCM-IBP

• Component Name: Integrated Business Planning

• Description: A combination of master data characteristics and values. Planning objects are used in several apps as the units on which the various planning processes are executed. The planning level defines which characteristics are selected for a process. For example, if the planning level is Product ID – Location ID, an application job can be run on planning objects such as Product A-Location A, Product B- Location A, and so on. Values must be uploaded or defined for each characteristic before the planning process can be started.

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• Key Concepts: 
  A planning object is a data structure used in SAP Integrated Business Planning (IBP) to represent a planning entity. It is used to store and manage data related to the planning entity, such as its forecast, demand, supply, and inventory. Planning objects are used to create a single source of truth for the planning process. 
  
  How to use it: 
  Planning objects are used to store and manage data related to the planning entity. This data can be used to create forecasts, analyze demand and supply, and manage inventory. The data stored in the planning object can be used to create reports and dashboards that provide insights into the planning process. 
  
  Tips & Tricks: 
  When creating a planning object, it is important to ensure that all relevant data is included. This will ensure that the planning object is accurate and up-to-date. Additionally, it is important to ensure that the data stored in the planning object is secure and accessible only by authorized personnel. 
  
  Related Information: 
  SAP Integrated Business Planning (IBP) is a cloud-based solution that enables organizations to plan and manage their business processes more effectively. It provides a comprehensive set of tools for forecasting, demand management, supply chain optimization, and inventory management. Additionally, IBP provides advanced analytics capabilities that enable organizations to gain insights into their business processes.