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1. SAP Integrated Business Planning (IBP)  SAP IBP is a cloud solution designed for supply chain planning and strategic business processes. It is used extensively to integrate sales, operations, demand, supply and financial planning in a single collaborative environment. Key Features: Collaborative Planning: Enables teams to share data in real time, facilitating planning aligned with the needs of the entire organisation. Predictive Optimisation: Incorporates artificial intelligence and machine learning capabilities for demand forecasting, enabling more accurate planning in volatile markets such as oil and gas. Scenario Management: Simulation tools to analyse multiple scenarios and determine the best strategies in the face of price fluctuations or supply chain disruptions. Full Integration: Works seamlessly with other SAP modules, such as SAP S/4HANA, to consolidate financial, operational and strategic data. Applications in the Projects Sector: Production Planning: Optimising the wo...

Techniques for Budget Tracking and Control in SAP Finance and Controlling When it comes to budget tracking and control in SAP Finance (FI) and SAP Controlling (CO), the goal is to ensure that expenses and revenues stay within the approved budget limits and that resource management aligns with the organization’s financial goals. There are various techniques in SAP that help facilitate this process, from initial budget planning to ongoing monitoring and post-analysis. Below, I will outline the main techniques and key functionalities in SAP for effective budget tracking and control: 1. Budget Planning and Entry: Budget Setup in SAP CO (Controlling): Cost Centers and Internal Orders: First, you need to ensure that your organizational structures such as cost centers and internal orders are properly defined. These elements are crucial for budget assignment and tracking associated costs across the company. Cost Planning (SAP CO-OM): Use the cost planning functionality in SAP CO to enter your ...