Inventory Management

What is the key organizational level associated with inventory management?

The storage location is the key organizational level associated with inventory management.

What is a stock transfer used for?

 A stock transfer is used to physically move materials within the enterprise, such as between storage locations, plants, or company codes.

 Describe a storage location-to-storage location transfer.

It involves moving materials between storage locations within the same plant, e.g., moving items from a shelf to a pallet.

What is the hierarchy of a warehouse?

 The hierarchy includes:

• Warehouse Number

• Storage Type

• Storage Section

• Storage Bin
  

What is a material-to-material posting?

A material-to-material posting is a type of transfer posting that changes the material number of a material (e.g., wort becoming beer after fermentation).

Name the different storage types.

• Shelf storage

• Pallet storage

• Bulk storage

What are examples of storage sections?

• Fast-moving goods

• Heavy materials

• Small parts

Shelves, rows, and stacks define what type of storage?

These define storage bins, the smallest addressable unit in a warehouse.

Define interim storage.

Interim storage areas are temporary holding locations used during transitions between Inventory Management and Warehouse Management, such as during goods receipt.

 Define Confirm Warehouse Movement.

Updating transfer order to indicate that the movement was completed

 What is transfer requirement used for?

A transfer requirement is used to plan the movement of materials in and out of a warehouse

Goods Receipt Movement

 A goods receipt is the process of receiving materials into inventory, which results in an increase in inventory.

Goods Issue Movement

A goods issue is the removal of materials from inventory, resulting in a decrease in inventory—such as issuing materials to a production order or shipping to a customer.