What is inventory management in SAP CRM-MOM - MarketSet Order Management?

SAP Term: inventory management

• Component: CRM-MOM

• Component Name: MarketSet Order Management

• Description: Management of the supplier's stocks of materials.

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• Key Concepts: 
  Inventory management is a component of the CRM-MOM MarketSet Order Management system. It is used to track and manage the inventory of goods and services that a company has in stock. It helps to ensure that the right amount of inventory is available at the right time, and that it is properly managed and accounted for. 
  
  How to use it: 
  Inventory management can be used to track the quantity, cost, and location of inventory items. It can also be used to monitor stock levels, set reorder points, and generate reports on inventory levels. Additionally, it can be used to track customer orders and shipments, as well as to manage supplier relationships. 
  
  Tips & Tricks: 
  When using inventory management, it is important to ensure that accurate records are kept of all inventory items. This includes tracking the quantity, cost, and location of each item. Additionally, it is important to set reorder points for each item so that stock levels are maintained at an optimal level. 
  
  Related Information: 
  Inventory management is closely related to other components of the CRM-MOM MarketSet Order Management system such as order processing, customer service, and supplier management. Additionally, it is related to other areas such as accounting and finance, as well as logistics and supply chain management.