What is open quantity item in SAP LO-GT - Global Trade Management?

SAP Term: open quantity item

• Component: LO-GT

• Component Name: Global Trade Management

• Description:

Smart SAP Assistant

• Key Concepts: 
  Open quantity item is a feature of SAP's Global Trade Management (LO-GT) component that allows users to manage the quantity of goods that are not yet known. This is useful for managing shipments that are not yet complete, such as those that are in transit or awaiting delivery. The open quantity item feature allows users to track the progress of these shipments and adjust the quantity accordingly. 
  
  How to use it: 
  To use the open quantity item feature, users must first create an open quantity item in the system. This can be done by entering the relevant information, such as the shipment number, origin and destination, and expected delivery date. Once this is done, users can then enter the actual quantity of goods received or shipped. This will be updated in real-time and can be used to track the progress of the shipment. 
  
  Tips & Tricks: 
  When creating an open quantity item, it is important to enter accurate information. This will ensure that the system is able to accurately track the progress of the shipment and provide accurate updates. Additionally, it is important to regularly check on the status of open quantity items to ensure that they are up-to-date and accurate. 
  
  Related Information: 
  The open quantity item feature is part of SAP's Global Trade Management (LO-GT) component. This component also includes features such as customs clearance, export control, and trade compliance management. Additionally, there are other features available in LO-GT such as document management and freight forwarding.