Authored by: Tianyue Wang 
SAP IBP for Demand Planning: The Benefits.
SAP IBP for demand planning provides companies with several tools to generate forecasts for various scenarios using statistical approaches to scientifically analyse historical sales data, customer orders, and current demand signals to predict future demand patterns. SAP IBP for demand planning allows companies to improve the forecast accuracy of mid-to-long-term planning and better supply chain execution.
Meet Future Demand: Key Features
- Demand Management
SAP IBP for demand provides capabilities to manage and develop demand forecasts for short-term, medium-term, and long-term horizon on any aggregation level.
- Advanced Statistical Models
SAP IBP for demand improves forecast accuracy with out-of-the-box algorithms and models, combined with machine learning and pre-and post-processing algorithms.
- Demand Sensing
Demand sensing is a forecasting method that leverages new mathematical techniques and near real-time information to create an accurate forecast for short term demand based on the current realities of the supply chain.
- Manage Product Lifecycle
SAP IBP Demand Planning provides the function to introduce new products so that sales history can be simulated concerning one or more than one product having similar demands and then dynamically forecasting for the new product.
SAP IBP for Demand Planning: Benefits
How can Krypt help you?
Krypt is an SAP preferred partner and has assisted in the success of global businesses across industries & geographies. We have helped businesses through the successful integration & implementation of SAP IBP, SAP GTS, SAP TM & SAP EWM. If your organization is regularly required to plan supply chain activities on a weekly or monthly basis in advance, then Krypt can help you implement/integrate SAP LBN to quickly analyze & respond to any scenario in near real-time using an informed decision.
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