What are the key steps involved in the Demand Planning Process in SAP IBP?

The Demand Planning Process in SAP Integrated Business Planning (IBP) encompasses a structured approach to managing forecasted demand for products. The correct steps involved in this process include data collection, forecast generation, consensus building, and plan adjustment.

Data collection is the first step, where historical data and market information are gathered to inform the demand forecast. This foundational step ensures that the forecast is based on accurate and relevant information.

The next step is forecast generation, where statistical methods and algorithms are employed to create predictions about future demand based on the collected data. This forecast serves as a crucial input for further planning activities.

Consensus building follows, which involves collaboration among different stakeholders in the organization. This step ensures that various perspectives and insights are integrated into the demand plan, fostering alignment across departments such as sales, marketing, and operations.

Finally, plan adjustment occurs where the initially generated forecast is refined based on additional insights, feedback, and any changing market conditions. This iterative process helps organizations remain agile and responsive to actual demand fluctuations.

The other options presented describe various aspects of business operations but do not specifically outline the key steps in the Demand Planning Process within the SAP IBP framework. For instance, sales data analysis and inventory management may support demand planning but do not encapsulate the