SAP MM Module: Inventory Management
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Questions and Answers

What is the primary function of Inventory Management in SAP MM module?

  • To manage and track invoice verification
  • To manage and track goods delivery
  • To manage and track procurement activities
  • To manage and track inventory levels, stock movements, and valuation (correct)

What is the term for organizational units that manage inventory, including storage locations and bins?

  • Stock rooms (correct)
  • Inventory units
  • Warehouses
  • Storage locations

Which of the following is NOT a type of inventory in SAP MM?

  • Quality control stock (correct)
  • Quality inspection stock
  • Unrestricted-use stock
  • Blocked stock

What is the process of transferring inventory between storage locations or stock rooms?

<p>Stock transfer (B)</p> Signup and view all the answers

Which valuation method is supported by SAP MM?

<p>Moving average price (B)</p> Signup and view all the answers

What is the term for the process of counting and reconciling inventory levels?

<p>Inventory counting (C)</p> Signup and view all the answers

What is the purpose of inventory reports in SAP MM?

<p>To manage and track inventory levels (C)</p> Signup and view all the answers

What is the term for the process of receiving and recording inventory into the system?

<p>Goods receipt (D)</p> Signup and view all the answers

What is the term for specific storage locations within a storage location?

<p>Bins (C)</p> Signup and view all the answers

What is the purpose of SAP MM's integration with SAP Business Warehouse and SAP HANA?

<p>To provide advanced analytics and reporting capabilities (D)</p> Signup and view all the answers

Study Notes

SAP MM Module: Inventory Management

Overview of Inventory Management

  • Inventory Management is a key component of the SAP MM module, responsible for managing and tracking inventory levels, stock movements, and valuation.
  • It provides real-time visibility into inventory levels, enabling better decision-making and optimization of inventory levels.

Key Concepts

  • Inventory types: SAP MM distinguishes between different types of inventory, including:
    • Unrestricted-use stock
    • Restricted-use stock
    • Blocked stock
    • Quality inspection stock
  • Stock rooms: Organizational units that manage inventory, including storage locations and bins.
  • Storage locations: Physical locations where inventory is stored.
  • Bins: Specific storage locations within a storage location.

Inventory Management Processes

  • Goods receipt: The process of receiving and recording inventory into the system.
  • Goods issue: The process of issuing inventory from the system.
  • Stock transfer: The process of transferring inventory between storage locations or stock rooms.
  • Inventory counting: The process of counting and reconciling inventory levels.

Inventory Valuation

  • Valuation methods: SAP MM supports multiple valuation methods, including:
    • Moving average price
    • Standard price
    • Last purchase price
  • Inventory valuation types: SAP MM distinguishes between different valuation types, including:
    • Material valuation
    • Batch valuation
    • Serial number valuation

Reporting and Analytics

  • Inventory reports: SAP MM provides various reports for inventory management, including:
    • Inventory levels report
    • Inventory valuation report
    • Inventory movement report
  • Analytics: SAP MM integrates with SAP Business Warehouse and SAP HANA to provide advanced analytics and reporting capabilities.

SAP MM Module: Inventory Management

Overview of Inventory Management

  • Inventory Management is a key component of SAP MM, responsible for managing and tracking inventory levels, stock movements, and valuation.
  • Provides real-time visibility into inventory levels, enabling better decision-making and optimization of inventory levels.

Key Concepts

  • Inventory types:
    • Unrestricted-use stock: freely available for use
    • Restricted-use stock: has limited availability
    • Blocked stock: not available for use
    • Quality inspection stock: held for quality inspection
  • Stock rooms: organizational units that manage inventory, including storage locations and bins.
  • Storage locations: physical locations where inventory is stored.
  • Bins: specific storage locations within a storage location.

Inventory Management Processes

  • Goods receipt: process of receiving and recording inventory into the system.
  • Goods issue: process of issuing inventory from the system.
  • Stock transfer: process of transferring inventory between storage locations or stock rooms.
  • Inventory counting: process of counting and reconciling inventory levels.

Inventory Valuation

  • Valuation methods:
    • Moving average price: calculates the average price of inventory
    • Standard price: uses a fixed price for inventory valuation
    • Last purchase price: uses the price of the last purchase
  • Inventory valuation types:
    • Material valuation: values inventory at the material level
    • Batch valuation: values inventory at the batch level
    • Serial number valuation: values inventory at the serial number level

Reporting and Analytics

  • Inventory reports:
    • Inventory levels report: shows current inventory levels
    • Inventory valuation report: shows the value of inventory
    • Inventory movement report: shows inventory movement and stock changes
  • Analytics: integrates with SAP Business Warehouse and SAP HANA to provide advanced analytics and reporting capabilities.

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Learn about inventory management in SAP MM module, including tracking inventory levels, stock movements, and valuation. Understand key concepts like inventory types and more.

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