What is blocked stock in SAP IS-OIL - SAP for Oil & Gas?

SAP Term: blocked stock

• Component: IS-OIL

• Component Name: SAP for Oil & Gas

• Description: Industry Solution Oil The valuated stock of a material managed in batches that is held by and belongs to a company but that should not be used.

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• Key Concepts: 
  Blocked stock is a type of inventory that is not available for sale or use. It is typically used to reserve materials for specific purposes, such as quality control or production planning. Blocked stock can also be used to prevent the sale of materials that are not yet ready for sale, such as those that are awaiting inspection or certification.
  
  How to use it: 
  In IS-OIL SAP for Oil & Gas, blocked stock can be used to reserve materials for specific purposes. To do this, users must first create a blocking code in the system. This code will be used to identify the blocked stock and will be associated with the material in question. Once the blocking code has been created, users can then assign it to the material in question and set the quantity of blocked stock.
  
  Tips & Tricks: 
  When creating a blocking code, it is important to ensure that it is descriptive and easy to remember. This will make it easier to identify and manage blocked stock in the system. Additionally, it is important to ensure that the quantity of blocked stock is set correctly so that it does not exceed the total available inventory.
  
  Related Information: 
  Blocked stock is closely related to other types of inventory management, such as safety stock and minimum order quantity (MOQ). Additionally, blocked stock can be used in conjunction with other inventory management techniques, such as just-in-time (JIT) and kanban systems.