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

SAP Term: Physical Inventory Processing

• Component: AP-PIP

• Component Name: SCM-PSL Physical Inventory Processing

• Description: The management of the process for preparing and executing a physical inventory count, from the preparation, through the actual counting and gathering of count results, to the approval of those results.

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• Key Concepts: 
  Physical Inventory Processing is a component of SAP's Advanced Planning and Optimization (APO) module. It enables users to manage physical inventory in a warehouse or distribution center. It allows users to track and monitor inventory levels, as well as plan and execute physical inventory counts. 
  
  How to use it: 
  Physical Inventory Processing can be used to create and manage physical inventory documents, such as stock transfer orders, goods receipts, and goods issues. It also allows users to set up and manage physical inventory cycles, which are used to plan and execute physical inventory counts. Additionally, it can be used to generate reports on physical inventory levels and discrepancies. 
  
  Tips & Tricks: 
  When setting up a physical inventory cycle, it is important to ensure that the cycle is properly configured so that it accurately reflects the actual physical inventory in the warehouse or distribution center. Additionally, it is important to ensure that all relevant documents are properly linked to the cycle so that they can be tracked and monitored. 
  
  Related Information: 
  Physical Inventory Processing is part of SAP's Advanced Planning and Optimization (APO) module. Other components of APO include Demand Planning, Supply Network Planning, Production Planning/Detailed Scheduling, Global Available-to-Promise, and Transportation Planning & Vehicle Scheduling.