What is planning in SAP SRD-SCM-SCP - SCM-Supply Chain Planning and Control?

SAP Term: planning

• Component: SRD-SCM-SCP

• Component Name: SCM-Supply Chain Planning and Control

• Description: The process of gathering information, considering alternatives, establishing goals, and forming strategies to meet those goals.

Smart SAP Assistant

• Key Concepts: 
  Planning is a process of setting goals and objectives for a company and determining the best way to achieve them. In SAP, planning is used to manage the supply chain and ensure that the right products are available at the right time. It involves forecasting demand, creating production plans, and managing inventory levels. 
  
  How to use it: 
  SAP's Supply Chain Planning and Control (SCM-SCP) component provides tools for planning and managing the supply chain. It includes features such as demand forecasting, production planning, inventory management, and supply chain optimization. The component also provides analytics to help companies make better decisions about their supply chain. 
  
  Tips & Tricks: 
  When using SAP's SCM-SCP component, it is important to keep in mind that planning is an iterative process. Companies should regularly review their plans and adjust them as needed in order to ensure that they are meeting their goals. Additionally, companies should take advantage of the analytics provided by the component in order to make informed decisions about their supply chain. 
  
  Related Information: 
  For more information about SAP's SCM-SCP component, please visit the SAP website (https://www.sap.com/products/supply-chain-planning-and-control.html). Additionally, there are many resources available online that provide tips and tricks for using SAP's SCM-SCP component more effectively.