What is demand management procedure in SAP SRD-SCM-SCP - SCM-Supply Chain Planning and Control?

SAP Term: demand management procedure

• Component: SRD-SCM-SCP

• Component Name: SCM-Supply Chain Planning and Control

• Description: The method used within the enterprise to handle relationships between different demand types for example planned independent requirements or customer demand.

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• Key Concepts: 
  Demand management procedure is a process used in SAP Supply Chain Planning and Control (SCM-SCP) to manage customer demand. It involves forecasting customer demand, analyzing the data, and creating a plan to meet the demand. The process also includes monitoring the demand and adjusting the plan as needed. 
  
  How to use it: 
  To use the demand management procedure in SAP SCM-SCP, first you need to create a forecast of customer demand. This can be done by analyzing historical data, such as sales figures, or by using predictive analytics. Once the forecast is created, you can use it to create a plan for meeting the demand. This plan should include strategies for managing inventory levels, production schedules, and other aspects of supply chain management. 
  
  Tips & Tricks: 
  When creating a forecast of customer demand, it is important to consider seasonal trends and other factors that may affect demand. Additionally, it is important to regularly monitor the forecast and adjust it as needed in order to ensure that the plan is up-to-date and accurate. 
  
  Related Information: 
  For more information on demand management procedures in SAP SCM-SCP, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tips and tricks for using this process effectively.