What is 'logical inventory' in SAP IS-OIL-DS-EXG - Exchanges?

logical inventory - Overview

• Component: IS-OIL-DS-EXG

• Component Name: Exchanges

• Description: The logical inventory represents that part of the physical inventory that has been moved as a result of borrow/loan exchange transactions. It is used to keep track of what material quantities and material values have been moved between two exchange partners.

logical inventory - Details

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  Key Concepts: 
  Logical inventory is a term used in SAP IS-OIL-DS-EXG Exchanges to refer to the virtual representation of a physical inventory. It is used to track the movement of goods and services within an organization. Logical inventory is also used to calculate the cost of goods sold and to manage stock levels. 
  
  How to use it: 
  Logical inventory can be used to track the movement of goods and services within an organization. It can be used to calculate the cost of goods sold and to manage stock levels. Logical inventory can also be used to monitor the performance of suppliers and customers, as well as to identify potential areas for improvement. 
  
  Tips & Tricks: 
  When using logical inventory, it is important to ensure that all data is accurate and up-to-date. This will help ensure that the information being tracked is accurate and reliable. Additionally, it is important to regularly review the data in order to identify any discrepancies or potential areas for improvement. 
  
  Related Information: 
  Logical inventory is closely related to physical inventory, which is the actual physical representation of goods and services within an organization. Physical inventory can be used in conjunction with logical inventory in order to ensure accuracy and reliability of data. Additionally, both physical and logical inventories can be used together in order to optimize stock levels and reduce costs.