What is Forecasting Groups in SAP SRD-SCM-MD - SCM-Master Data?

SAP Term: Forecasting Groups

• Component: SRD-SCM-MD

• Component Name: SCM-Master Data

• Description: A work center view where you can create a hierarchy of products that you can use in demand forecasts.

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• Key Concepts: 
  Forecasting Groups are used in SAP to group materials together for forecasting purposes. This allows for the creation of a single forecast for multiple materials, which can be used to plan production and inventory levels. Forecasting Groups can be created manually or automatically, and can be used to group materials based on their characteristics, such as product type, supplier, or location. 
  
  How to use it: 
  To create a Forecasting Group in SAP, go to the Master Data tab in the Supply Chain Management (SCM) module. Select the Forecasting Groups option and click on the Create button. Enter the name of the Forecasting Group and select the materials that you want to include in it. Once you have finished creating the Forecasting Group, you can use it to generate forecasts for all of the materials included in it. 
  
  Tips & Tricks: 
  When creating a Forecasting Group, it is important to consider how you will use it. For example, if you are creating a Forecasting Group for a specific supplier, make sure that all of the materials included in it are from that supplier. Additionally, if you are creating a Forecasting Group for a specific product type, make sure that all of the materials included in it are of that type. 
  
  Related Information: 
  For more information about Forecasting Groups in SAP, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SAP_SCM/7.5/en-US/f9f3d8a2b6c14e8a9f3d8a2b6c14e8a9f3d8a2b6c14e8a9f3d8a2b6c14e8a9f3d8a2b6c14e8a9f3d8a2b6c14e8a9f3d8a2b6c14e8a9f3d8a2b6c14e8a9f3d8a2b6c14e8aa0/.