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

SAP Term: outlier

• Component: SRD-SCM-DP

• Component Name: SCM-Demand Planning

• Description: A demand quantity for a specific time period that deviates sufficiently from the norm for it to be classified as irregular. For a customer who orders ten units of a product every month, an order of 100 products placed for a particular month might be considered an outlier.

Smart SAP Assistant

• Key Concepts: 
  Outlier is a term used in SAP Demand Planning to refer to an observation that is significantly different from the other observations in a dataset. Outliers can be caused by errors in data entry, or they can be caused by real-world events that are not typical of the data set. Outliers can have a significant impact on the accuracy of forecasts and should be identified and addressed.
  
  How to use it: 
  In SAP Demand Planning, outliers can be identified by using statistical methods such as box plots or standard deviation. Once an outlier has been identified, it can be addressed by either removing it from the dataset or adjusting it to better reflect the underlying data.
  
  Tips & Tricks: 
  When dealing with outliers, it is important to remember that they may be caused by real-world events and should not be removed without careful consideration. Additionally, it is important to consider the impact of outliers on the accuracy of forecasts before making any adjustments.
  
  Related Information: 
  For more information on outliers and how to address them in SAP Demand Planning, please refer to the SAP Help Portal or contact your local SAP representative.