Recently, Forecast Collaboration was rebranded to Planning Collaboration. In this course, you may see Planning Collaboration referred to as Forecast Collaboration. They are considered interchangeable.
What is Planning Collaboration?
Forecasting is the process of making future predictions based on past and present data and most commonly by analysis of trends.
Planning Collaboration is the process for collecting and reconciling the information from diverse sources inside and outside the company; to come up with a single unified statement of demand.
In SAP Ariba Supply Chain Collaboration, buyers send out an order forecast of potential purchase quantities and suppliers confirm and commit against those quantities.