What is inventory group in SAP LE-LMD - Last Mile Distribution?

SAP Term: inventory group

• Component: LE-LMD

• Component Name: Last Mile Distribution

• Description: A classification of products by stock quality, for example, salable products or products with quality issues. Inventory groups can be assigned to products of the same type, for example, beverages, empties, or packaging material. Inventory groups can be used for all products recorded at check-out or check-in and in document items. They are also used in the calculation of final differences to track related inventory movements or customer sales transaction type determinations.

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• Key Concepts: 
  Inventory Group is a feature of SAP's Last Mile Distribution (LE-LMD) component. It is used to group together different types of inventory items, such as raw materials, finished goods, and spare parts. This allows for better control and management of inventory levels, as well as improved visibility into the supply chain. 
  
  How to use it: 
  Inventory Groups can be created in the SAP system by assigning a unique code to each group. This code can then be used to identify the group when creating orders or performing other inventory-related tasks. Additionally, Inventory Groups can be used to set up different pricing structures for different types of inventory items. 
  
  Tips & Tricks: 
  When creating Inventory Groups, it is important to consider how they will be used in the future. For example, if a company plans to use Inventory Groups for pricing purposes, it is important to ensure that the groups are set up in a way that makes sense for the company's pricing structure. Additionally, it is important to ensure that the groups are properly maintained and updated as needed. 
  
  Related Information: 
  For more information on Inventory Groups and how they can be used in SAP's Last Mile Distribution component, please refer to the official SAP documentation. Additionally, there are many online resources available that provide helpful tips and tricks for setting up and managing Inventory Groups in SAP.