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

SAP Term: history data

• Component: SRD-SCM-DP

• Component Name: SCM-Demand Planning

• Description: Historical data collected from sales orders, stock transfer orders, and production orders for components.

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• Key Concepts: 
  History data is a type of data used in SAP's Demand Planning component of the Supply Chain Management (SCM) module. It is used to track past demand and supply information, such as sales, inventory, and customer orders. This data is used to create forecasts and analyze trends in order to make better decisions about future supply and demand. 
  
  How to use it: 
  History data can be used to create forecasts for future demand and supply. This data can be used to identify trends in customer orders, sales, and inventory levels. It can also be used to compare current demand and supply with past performance. This helps to identify areas of improvement or potential risks. 
  
  Tips & Tricks: 
  When using history data, it is important to ensure that the data is accurate and up-to-date. It is also important to consider the time frame of the data when creating forecasts. For example, if the data is from a year ago, it may not be relevant for current forecasting purposes. 
  
  Related Information: 
  SAP's Demand Planning component of the SCM module also includes other features such as demand planning tools, forecasting algorithms, and optimization techniques. These features can be used in conjunction with history data to create more accurate forecasts and optimize supply chain operations.