What is position management in SAP LO-GT - Global Trade Management?

SAP Term: position management

• Component: LO-GT

• Component Name: Global Trade Management

• Description: A function in the solution which serves to harmonize supply and demand along the value chain, and to indicate the risk associated with open positions in trading businesses. Position management includes portfolio management and association management.

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• Key Concepts: 
  Position management is a component of SAP's Global Trade Management (LO-GT) module. It is used to manage the positions of goods and services in the global supply chain. Position management helps companies to track and manage their inventory, shipments, and other related activities. It also helps to ensure compliance with international trade regulations. 
  
  How to use it: 
  Position management can be used to track and manage inventory, shipments, and other related activities. It can also be used to monitor compliance with international trade regulations. The system allows users to create and manage positions for goods and services, as well as track their status throughout the supply chain. Additionally, users can set up alerts for when certain positions reach certain thresholds or milestones. 
  
  Tips & Tricks: 
  When using position management, it is important to ensure that all positions are accurately tracked and monitored. This will help to ensure that all goods and services are accounted for and that any potential issues are identified quickly. Additionally, it is important to regularly review the positions in order to ensure that they are up-to-date and accurate. 
  
  Related Information: 
  Position management is part of SAP's Global Trade Management (LO-GT) module. Other components of this module include customs management, export control, and trade finance. Additionally, position management can be integrated with other SAP modules such as Materials Management (MM) and Sales & Distribution (SD).