What is inventory management on a material basis in SAP IS-R - SAP for Retail?

SAP Term: inventory management on a material basis

• Component: IS-R

• Component Name: SAP for Retail

• Description: Retail Procedure used to manage material stocks on both a value and quantity basis enabling all goods movements to be planned, recorded and documented in the system and physical inventory carried out.

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• Key Concepts: 
  Inventory management on a material basis is a feature of the IS-R SAP for Retail component. It allows retailers to manage their inventory on a material basis, meaning that they can track and manage the stock of individual items in their inventory. This helps retailers to better understand their inventory levels and make more informed decisions about their stock. 
  
  How to use it: 
  Inventory management on a material basis can be used to track and manage the stock of individual items in a retailer’s inventory. This feature allows retailers to view the current stock levels of each item, as well as the total stock levels across all items. It also allows retailers to set minimum and maximum stock levels for each item, so that they can ensure that they always have enough stock on hand. 
  
  Tips & Tricks: 
  When using inventory management on a material basis, it is important to keep track of the current stock levels of each item in order to ensure that there is always enough stock on hand. Additionally, it is important to set minimum and maximum stock levels for each item in order to avoid overstocking or understocking. 
  
  Related Information: 
  Inventory management on a material basis is just one of the features available in the IS-R SAP for Retail component. Other features include sales analysis, customer segmentation, and store management. Additionally, there are other components available in SAP that can help retailers manage their inventory, such as Warehouse Management and Supply Chain Management.