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

SAP Term: Demand Plans

• Component: SRD-SCM-DP

• Component Name: SCM-Demand Planning

• Description: A work center view that enables you to create, prepare, edit, and delete demand plan and its revisions. You can also perform distribution between planning levels, run statistical forecasting, and release the final forecast to supply planning using the interactive planning board.

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• Key Concepts: 
  Demand Plans are a component of SAP's Supply Chain Management (SCM) suite. They are used to forecast and plan for future demand of products and services. Demand Plans allow companies to create accurate forecasts based on historical data, current market trends, and customer demand. This helps companies to better manage their inventory and production levels. 
  
  How to use it: 
  Demand Plans can be used to create forecasts for a variety of products and services. Companies can use the Demand Plans component to create forecasts based on historical data, current market trends, and customer demand. The forecasts can then be used to plan for future production levels and inventory management. 
  
  Tips & Tricks: 
  When creating Demand Plans, it is important to consider the accuracy of the data being used. Historical data should be up-to-date and accurate in order to create an accurate forecast. Additionally, it is important to consider current market trends and customer demand when creating a forecast. 
  
  Related Information: 
  The Demand Plans component is part of SAP's SCM suite. Other components of the SCM suite include Supply Network Planning, Production Planning & Detailed Scheduling, and Global Available-to-Promise. These components can be used in conjunction with Demand Plans to create an effective supply chain management system.