Product Split:
The explanation, with no doubt, is more detail at SAP help. Quick points to remember (also there in SAP Help):
The date entered in the ‘Supply Date’ field gives the date from which the system is to only take stock of the new product into account. But anyways, this can be controlled by supersession chain under ‘Product Interchangeability’ – my personal recommendation: Do not maintain this field!
Location Split:
You don’t have ‘Location’ as a characteristic in Demand Planning, but you will have to release the demand at product/location level – as supply plan can only happen considering location along with product. It is in this case you use Location split.
In fact, this can also be used in case you don’t use 9ALOCNO as your location characteristic, but some custom info object. This means, you will have to define this info object in release profile (or transfer profile).
Period Split:
This, you use if you have different storage periodicity between DP (say, months) and SNP (say, weeks). During the release, the monthly quantities of DP are disaggregated to weeks as per the proportions you maintained in the distribution function.
First, you create a distribution function (/SAPAPO/DFCT) and then you use this in period split profile (/SAPAPO/SDP_SPLIT).
The period split has below options (all self-explanatory).
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