What is Physical Inventory Count in SAP AP-PIP - SCM-PSL Physical Inventory Processing?

SAP Term: Physical Inventory Count

• Component: AP-PIP

• Component Name: SCM-PSL Physical Inventory Processing

• Description: The instructions on how to execute and approve a physical inventory count of materials and packages. A physical inventory count also contains the results of the physical inventory and any differences between this physical inventory and the book inventory.

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• Key Concepts: 
  Physical Inventory Count is a process in SAP that allows users to count and record the physical inventory of goods in a warehouse. This process is part of the SAP Advanced Planning and Optimization (APO) module, specifically the Supply Chain Management (SCM) component. It is used to ensure that the physical inventory matches the records in the system. 
  
  How to use it: 
  To use Physical Inventory Count, users must first create a physical inventory document. This document will contain all of the necessary information about the goods being counted, such as item numbers, quantities, and locations. Once this document is created, users can then begin counting the physical inventory. The counts are then recorded in the system and compared to the records in the system. If there are discrepancies between the two, users can adjust the records accordingly. 
  
  Tips & Tricks: 
  When using Physical Inventory Count, it is important to ensure that all of the necessary information is included in the physical inventory document. This will help to ensure that all of the goods are accurately counted and recorded in the system. Additionally, it is important to double-check all of the counts before submitting them to ensure accuracy. 
  
  Related Information: 
  Physical Inventory Count is part of SAP’s Advanced Planning and Optimization (APO) module. Other components of this module include Demand Planning, Supply Network Planning, Production Planning and Detailed Scheduling, and Global Available-to-Promise. Additionally, Physical Inventory Count can be used in conjunction with other SAP modules such as Materials Management (MM) and Warehouse Management (WM).