- SAP Managed Tags
Welcome to the latest updates on SAP Best Practices for SAP Integrated Business Planning (IBP). In this blog, we will highlight the significant enhancements and updates introduced with release 2505. In the following sections, you will find the details.
Enhancements in the SAPIBP1 Sample Planning Area:
In the latest updates to the SAPIBP1 sample planning area, several enhancements have been introduced.
- The new attribute named Forecast Algorithm has been added to the customer source master data type. This attribute is intended to record information about the statistical forecast algorithm that was most recently utilized. To enable this feature, you must include it as a parameter in the Statistical Forecasting application job template. Here is an illustrative example of how it can look like.
- Until now, you only had the option to maintain a static input for target service levels. With the introduction of the new key figure Target Service Level – Time-Varying, along with an updated profile setting in the inventory profile app, you can now implement time-varying customer service level targets. This innovative feature enables you to maintain different values for the target service levels, for example, due to seasonality, shifting demand patterns or changing business priorities over time. Here is an example where you can find the setting in the inventory profile.
- By adding the IBP_ADD_TIME_DIMENSION function to the forecast bias key figures we support additional reporting capabilities in inventory optimization.
- To enhance the user experience within the Planner Workspace, we have refined the display settings for several service level key figures used in inventory optimization. These key figures are now displayed as percentages in Planner Workspace, thereby improving clarity and usability for planners.
Inventory Budget Entitlement
With the 2505 release, we are excited to introduce a new solution process called IBP for inventory – inventory budget entitlement (7UL). This new solution process allows for the integration of budgetary constraints within the inventory planning process. Incorporating inventory budget into the inventory planning process enables you to effectively balance service level targets with your available budget. This approach ensures better-informed financial decisions regarding the maintenance of safety stock levels while adhering to an acceptable predicted service level.
The new solution process offers several advantages, including:
- Aligning inventory planning with financial constraints and improving budget adherence
- Providing transparent insights into the trade-offs between service levels and budgetary restrictions
- Setting safety stock levels to maintain cost efficiency while considering customer demands.
To facilitate this new solution, we are introducing a new workbook for inventory planning within the Planner Workspace. This workbook comprises multiple tabs that display essential key figures for this process, such as the available budget for each product family and location region, distributed budget per location product, or safety stock recommendations based on the available budget. The budgeted safety stock recommendation also serves as one input to calculate the predicted service level. Additionally, you can visualize the results in a dedicated page within the Analytic Story for Inventory. This page effectively demonstrates the distribution of the budget and the impact of budget limitations on service levels.
Here are some screenshots that offer a glimpse into the new solution process. The first screenshot displays the available budget per location region and product family.
In the next screenshot, the budget is disaggregated to the level of location product using a new copy operator. By utilizing different calculated key figures, the budgeted safety stock recommendation is determined.
The result is used as input for the service level prediction operator and is displayed in the corresponding planning view.
In the new page of the analytic story for inventory planner, you can analyse the result using powerful analytic charts.
Time-Series-Based Forecast Consumption
We are pleased to announce the launch of a new planner workspace designed specifically for the solution process IBP for sales and operations – time-series-based forecast consumption (3RT). This workspace serves as an alternative to the existing planning view available through the SAP IBP Microsoft Excel add-in. Within this new workspace, users will find both input and output key figures used in the forecast consumption profile.
SAP Process Navigator
The final point I want to mention is an enhancement of the existing solution process flows available through the SAP Process Navigator. The enhancement focuses on the S&OP process, making it easier to navigate through the various process steps.
Here some more useful links:
- Highlight video of the new solution process for Inventory Budget Entitlement is available here
- SAP Signavio Process Navigator to download all assets of SAP Best Practices for SAP Integrated Business Planning
- Never heard about SAP Best Practices for SAP Integrated Business Planning – check out this short video for more information
- In case you want to learn more about SAP Best Practices for SAP Integrated Business Planning for Supply Chain I recommend our blog series. The first blog is available here.
Thank you for reading our release highlights blog. Stay tuned for more updates and enhancements in future releases.
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