What is demand planning administration in SAP SRD-TRL - GLO-Translation?

SAP Term: demand planning administration

• Component: SRD-TRL

• Component Name: GLO-Translation

• Description: Comprises all activities that have to be performed in advance to be able to start the demand planning process.

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• Key Concepts: 
  Demand planning administration is a component of SAP SRD-TRL GLO-Translation. It is a tool used to manage and optimize the demand planning process. It helps to ensure that the right products are available at the right time and in the right quantities. It also helps to reduce costs associated with overstocking or understocking. 
  
  How to use it: 
  Demand planning administration can be used to create and manage demand plans, forecast demand, and analyze trends. It can also be used to monitor inventory levels and adjust production schedules accordingly. Additionally, it can be used to generate reports that provide insights into demand patterns and trends. 
  
  Tips & Tricks: 
  When using demand planning administration, it is important to ensure that the data being used is accurate and up-to-date. Additionally, it is important to regularly review and adjust the demand plan in order to ensure that it is meeting the needs of the business. 
  
  Related Information: 
  Demand planning administration is part of SAP SRD-TRL GLO-Translation, which also includes other components such as supply chain management, inventory management, and production planning. Additionally, there are other tools available that can be used for demand planning such as Microsoft Excel or Tableau.