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Physical Inventory For MM
Physical Inventory For MM
Physical Inventory
The physical inventory is carried out on the basis of stock management units.
A stock management unit is uniquely defined by:
Article
Site, storage location
Stock type
Batch
Special stock
Each stock management unit of a Article is counted separately
For example:
you must record the quantities of :
unrestricted-use stock, stock in quality inspection, and blocked stock of a Article at a storage
location of a site separately in each case.
Physical Inventory Cont.
Physical Inventory Process in Three Phases
1. Creation of physical inventory documents
2. Entry of count
3. Posting of inventory difference
Creation of physical inventory
documents
First Create the physical inventory (PI) documents.
Print out the documents in order to start the counting process.
Second Enter the count results in the system in the second phase.
System calculates the inventory differences.
You can arrange for a recount of the stock in case of doubtful.
In case of re-count, further PI documents are generated.
Third you post the inventory differences that have been identified.
The quantities and values of the stock are updated.
The stock accounts are updated in FI.
Physical Inventory Document
You can post the inventory differences either via the list of differences or via
separate transactions.
When an inventory difference is posted:
System creates a Material document that corrects the stock figures
Accounting document recording the necessary account movements.
You can specify a reason for the inventory difference discovered for each
item.
For example, you can record that a certain difference is due to damage.
Determination of Book Inventory
When the count results are entered, the system determines the current book
inventory.
If goods movements are posted during physical inventory :
Incorrect physical inventory differences may arise.
In this case, the book inventory at the time of the count does not match up.
The SAP system provides two possible ways:
Blocking Goods Movements
Freezing Book Inventory
Blocking Goods Movement
You can block all goods movements relating to a stock management unit for
the purposes of a physical inventory.
The system blocks all the stock management units of the relevant PI
document by means of the Posting Block indicator in the document header.
In the Article master, the block is displayed in the Physical Inventory Lock
indicator as X (Article is locked for movements due to physical inventory) in
the Storage Location Stock view.
Freezing Book Inventory
DEMO