What is demand plan in SAP SRD-SCM-DP - SCM-Demand Planning?

SAP Term: demand plan

• Component: SRD-SCM-DP

• Component Name: SCM-Demand Planning

• Description: A framework used by the system to run forecasts. A demand plan includes the products and planning areas that the user wants to create the forecast for. The demand plan also contains all related parameters such as the forecasting level, forecasting profile, and the period parameters used by the system to create the forecast.

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• Key Concepts: 
  Demand plan is a component of SAP Supply Chain Management (SCM) that helps companies to forecast and plan for customer demand. It uses historical data and statistical methods to create a forecast of future demand. This forecast can then be used to plan production, inventory, and other supply chain activities. 
  
  How to use it: 
  Demand plan can be used to create a forecast of customer demand. This forecast can be used to plan production, inventory, and other supply chain activities. The demand plan can also be used to analyze the impact of changes in customer demand on the supply chain. 
  
  Tips & Tricks: 
  When using the demand plan, it is important to ensure that the data used for forecasting is accurate and up-to-date. Additionally, it is important to consider external factors such as seasonality and economic trends when creating a forecast. 
  
  Related Information: 
  The demand plan is part of the SAP SCM suite of products. Other components of the SCM suite include supply network planning, production planning and scheduling, and inventory management.