Info on Inventory management

"Managing stock of materials on a quantity and value basis is known as Inventory management"

Inventory management Integrates

• Purchasing
• Logistics Invoice verification
• MRP
• Production, etc

Goods movement involves

• Goods receipt
• Goods Issue
• Stock transfer
• Transfer posting

Goods mvt will

• update at least one material document
• create one or more financial document
• update stock value, quantity or consumption value will be updated

Movement types
selection of mvt types controls

• which field to be entered or not
• which field to be appeared
• screen to appear
• number assignment to be given or not
• updating of quantity fields
• stock consumption accounts

Goods receipt will affect the following,

• Stock quantity and value will increase
• Material docs and accounting docs will be created

Goods Issue: Issue of material from s.loc to cost center or from s.loc to scrap

Stock transfer: movement of stock from plant to plant.

Transfer Posting: Logical transfer of material from one stock type to another or from one material number to another.

Key T.Codes:
MMBE: Stock overview
MB1C: Initial entry of stocks (use mvt type 561, for 1st time implementation)
MB21: Create Reservation ( used for future requirement)

Suggest Zero values:
In MB1A 'suggest zero values' help us to issue with same reservation number for the item already issued.