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

SAP Term: inventory management on a value-only basis

• Component: IS-R

• Component Name: SAP for Retail

• Description: Retail A procedure used to group materials for the purpose of recording and tracking stocks. Using inventory management on a value-only basis, each grouping for example, material group has a value-only material, to which the goods movements of all the materials in this grouping are posted. Only the stock values are updated. Quantity information is not taken into account. Before inventory management can be implemented in this way, the valuation at retail function must be activated.

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• Key Concepts: 
  Inventory management on a value-only basis is a feature of the IS-R SAP for Retail component. This feature allows retailers to manage their inventory based solely on the value of the items, rather than the quantity. This means that retailers can track the total value of their inventory, rather than having to keep track of individual items. 
  
  How to use it: 
  In order to use this feature, retailers must first set up their inventory management system in the IS-R SAP for Retail component. This includes setting up the item categories, item types, and item groups. Once these have been set up, retailers can then begin tracking their inventory on a value-only basis. This can be done by entering the total value of each item into the system and then tracking any changes in value over time. 
  
  Tips & Tricks: 
  When using this feature, it is important to remember that it is only tracking the total value of the inventory and not individual items. Therefore, it is important to keep accurate records of all items in order to ensure that the total value is accurate. Additionally, it is important to regularly update the values in order to ensure that they are up-to-date. 
  
  Related Information: 
  For more information about inventory management on a value-only basis in IS-R SAP for Retail, please refer to the official SAP documentation. Additionally, there are many online resources available that provide tutorials and tips for using this feature.