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

SAP Term: forecast adjustment

• Component: SRD-SCM-DP

• Component Name: SCM-Demand Planning

• Description: A manual change to a statistical forecast quantity to account for exceptions or outliers.

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• Key Concepts: 
  Forecast adjustment is a feature in SAP's Demand Planning component of the Supply Chain Management (SCM) module. It allows users to adjust the forecasted demand for a particular product or service based on external factors such as market trends, customer feedback, and other data. This adjustment helps to ensure that the forecasted demand is more accurate and reflects the current market conditions. 
  
  How to use it: 
  To use the forecast adjustment feature, users must first enter the relevant data into the system. This includes the product or service being adjusted, the forecasted demand, and any external factors that may affect the demand. Once this data is entered, users can then adjust the forecasted demand based on these external factors. The adjusted forecast can then be used to plan for future production and inventory levels. 
  
  Tips & Tricks: 
  When using the forecast adjustment feature, it is important to ensure that all relevant data is entered accurately. This will help to ensure that the adjusted forecast is as accurate as possible. Additionally, it is important to regularly review and update the external factors used in the adjustment process in order to keep up with changing market conditions. 
  
  Related Information: 
  For more information about SAP's Demand Planning component of SCM, please visit https://www.sap.com/products/demand-planning.html. Additionally, for more information about forecasting techniques and best practices, please visit https://www.sap.com/documents/2019/06/f9f3d7a2-e8b3-0010-82c7-eda71af511fa.html.