What is consensus profile determination in SAP SCM-ICH - Supply Network Collaboration?

SAP Term: consensus profile determination

• Component: SCM-ICH

• Component Name: Supply Network Collaboration

• Description: Automatic determination of the consensus profile by the system.

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• Key Concepts: 
  Consensus profile determination is a feature of SAP Supply Network Collaboration (SCM-ICH) that allows companies to collaborate with their suppliers and customers to determine the most cost-effective and efficient way to meet their supply chain needs. It enables companies to negotiate and agree on the best possible terms for their supply chain operations. 
  
  How to use it: 
  Consensus profile determination can be used to create a consensus profile for each supplier or customer. This profile includes information such as the supplier's or customer's preferred delivery times, payment terms, and other relevant details. The consensus profile can then be used to determine the most cost-effective and efficient way to meet the company's supply chain needs. 
  
  Tips & Tricks: 
  When creating a consensus profile, it is important to consider all relevant factors such as delivery times, payment terms, and other details. It is also important to ensure that the consensus profile is updated regularly in order to reflect any changes in the supplier or customer's preferences. 
  
  Related Information: 
  Consensus profile determination is part of SAP Supply Network Collaboration (SCM-ICH). Other features of SCM-ICH include demand forecasting, inventory optimization, and order management.