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

SAP Term: Demand Planning

• Component: SRD-SCM-DP

• Component Name: SCM-Demand Planning

• Description: A work center where you can undertake demand planning tasks. You can create, prepare, edit, and delete a demand plan or its versions. You can also perform distribution between planning levels, run statistical forecasting, and release the final forecast using the planning board. You can set up the system to automatically run, prepare, and release forecasts.

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• Key Concepts: 
  Demand Planning is a component of SAP Supply Chain Management (SCM) that helps companies plan and manage their demand for products and services. It enables companies to forecast customer demand, optimize inventory levels, and plan production and distribution activities. The Demand Planning component of SCM is based on the Statistical Forecasting (SF) module, which uses historical data to predict future demand. 
  
  How to use it: 
  Demand Planning can be used to create forecasts for individual products or groups of products. It can also be used to create forecasts for different time periods, such as weekly, monthly, or yearly. The SF module can be used to generate forecasts based on historical data, while the Demand Planning component can be used to adjust the forecasts based on external factors such as market trends or customer preferences. 
  
  Tips & Tricks: 
  When using Demand Planning, it is important to ensure that the data used for forecasting is accurate and up-to-date. It is also important to consider external factors such as market trends or customer preferences when creating forecasts. Additionally, it is important to regularly review and adjust forecasts in order to ensure accuracy. 
  
  Related Information: 
  For more information about Demand Planning, please refer to the SAP Help Portal or contact your local SAP representative. Additionally, there are a number of online resources available that provide detailed information about Demand Planning and how it can be used in your organization.