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

SAP Term: forecasting level

• Component: SRD-SCM-DP

• Component Name: SCM-Demand Planning

• Description: A planning level within a demand plan. The user can plan interactively at any planning level but the forecasting level is the only planning level where the user can apply statisitcal forecasting methods.

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• Key Concepts: 
  Forecasting level is a term used in SAP Demand Planning. It is a hierarchical structure that allows users to group items into different levels for forecasting purposes. The forecasting level is used to define the granularity of the forecast and can be used to group items into categories such as product families, product lines, or individual items. 
  
  How to use it: 
  In SAP Demand Planning, users can create a forecasting level by assigning items to different levels. This allows users to create forecasts at different levels of granularity. For example, a user can create a forecast at the product family level or at the individual item level. The forecasting level also allows users to group items into categories for easier analysis and reporting. 
  
  Tips & Tricks: 
  When creating a forecasting level, it is important to consider the granularity of the forecast and the categories that will be used for analysis and reporting. It is also important to ensure that all items are assigned to the correct level in order to ensure accurate forecasts. 
  
  Related Information: 
  For more information on forecasting levels in SAP Demand Planning, please refer to the official SAP documentation.