What is preferred storage location in SAP IS-OIL-DS-MCO - Marketing, Contract and Order Entry?

SAP Term: preferred storage location

• Component: IS-OIL-DS-MCO

• Component Name: Marketing, Contract and Order Entry

• Description: The first choice place from which materials are taken to fulfill a delivery. If the material quantity is unavailable at the preferred plant and storage location, alternative plants and storage locations are checked for availablility.

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• Key Concepts: 
  Preferred storage location is a feature in the IS-OIL-DS-MCO Marketing, Contract and Order Entry component of SAP software. It allows users to assign a specific storage location to a material or product, so that when the material or product is ordered, it will be automatically assigned to that storage location. This helps to streamline the ordering process and ensure that materials and products are stored in the most efficient way. 
  
  How to use it: 
  To use the preferred storage location feature, users must first create a storage location in the system. This can be done by navigating to the “Storage Locations” tab in the IS-OIL-DS-MCO Marketing, Contract and Order Entry component. Once a storage location has been created, users can assign it as the preferred storage location for any material or product they wish. This can be done by navigating to the “Materials” tab and selecting the material or product they wish to assign a preferred storage location to. From there, they can select the “Preferred Storage Location” option and select the desired storage location from the dropdown menu. 
  
  Tips & Tricks: 
  When assigning a preferred storage location for a material or product, it is important to consider how often it will be used and how much space it will require. This will help ensure that materials and products are stored in an efficient manner and that orders are processed quickly and accurately. 
  
  Related Information: 
  For more information on using the preferred storage location feature in IS-OIL-DS-MCO Marketing, Contract and Order Entry, please refer to SAP’s official documentation on the topic.