What is product analysis in SAP SRD-SCM - SCM-Supply Chain Management?

SAP Term: product analysis

• Component: SRD-SCM

• Component Name: SCM-Supply Chain Management

• Description: A procedure that can be used to investigate the processes and materials used to make products, compare differences between different brands of products, verify that products match their specifications, and get ideas for the development of new products.

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• Key Concepts: 
  Product analysis is a feature of SAP Supply Chain Management (SCM) that allows users to analyze the performance of products in their supply chain. It provides insights into product profitability, inventory levels, and customer demand. This helps users make informed decisions about their supply chain operations.
  
  How to use it: 
  Product analysis in SAP SCM can be used to identify trends in product performance and customer demand. It can also be used to analyze inventory levels and profitability of products. The data can be used to make decisions about pricing, production, and distribution.
  
  Tips & Tricks: 
  When using product analysis in SAP SCM, it is important to consider the time frame of the analysis. Longer time frames can provide more accurate insights into product performance and customer demand. Additionally, it is important to consider the impact of external factors such as economic conditions and competition when making decisions based on the data.
  
  Related Information: 
  Product analysis in SAP SCM is closely related to other features such as demand forecasting and inventory optimization. These features can be used together to gain a comprehensive understanding of product performance and customer demand. Additionally, product analysis can be used in conjunction with other analytics tools such as predictive analytics to gain further insights into product performance.