What is fast-moving item in SAP LE-WM - Warehouse Management?

SAP Term: fast-moving item

• Component: LE-WM

• Component Name: Warehouse Management

• Description: A material that moves frequently in a warehouse.

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• Key Concepts: 
  A fast-moving item is a product that is sold or used at a high rate. It is typically identified by its high turnover rate, meaning that it is sold or used more quickly than other items. In the context of SAP LE-WM Warehouse Management, fast-moving items are those that require special attention in order to ensure that they are always in stock and available for sale or use. 
  
  How to use it: 
  In SAP LE-WM Warehouse Management, fast-moving items can be identified by their high turnover rate. This can be done by analyzing sales data or inventory data to determine which items are being sold or used at a higher rate than others. Once identified, these items can be flagged as fast-moving items and given special attention in order to ensure that they are always in stock and available for sale or use. 
  
  Tips & Tricks: 
  When identifying fast-moving items in SAP LE-WM Warehouse Management, it is important to consider the entire supply chain. This includes not only the sales data but also the inventory data, as well as any other factors that may affect the availability of the item. Additionally, it is important to consider the seasonality of the item, as certain items may be more popular during certain times of the year. 
  
  Related Information: 
  In addition to SAP LE-WM Warehouse Management, fast-moving items can also be identified in other SAP modules such as MM Materials Management and SD Sales & Distribution. Additionally, there are various tools available to help identify and manage fast-moving items, such as inventory optimization software and demand forecasting software.