What is control record in SAP LO-MD - Logistics Basic Data?

SAP Term: control record

• Component: LO-MD

• Component Name: Logistics Basic Data

• Description: The data used with material master data. A control record contains the current period, the previous period, and the last period of the previous year. It also records whether posting to the previous period is allowed. This indicator is set automatically the first time the period closing program is run.

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• Key Concepts: 
  A control record is a type of master data in the LO-MD Logistics Basic Data component of SAP. It is used to store information about a material, such as its description, unit of measure, and other characteristics. The control record also contains information about the material's availability and pricing. 
  
  How to use it: 
  Control records are used to store information about materials in SAP. This information can be used to track the availability and pricing of materials, as well as to create reports and analyze data. The control record can also be used to set up material requirements planning (MRP) and inventory management processes. 
  
  Tips & Tricks: 
  When creating a control record, it is important to ensure that all relevant information is included. This includes the material's description, unit of measure, availability, and pricing. Additionally, it is important to ensure that the control record is updated regularly to reflect any changes in the material's availability or pricing. 
  
  Related Information: 
  For more information on control records in SAP, please refer to the official SAP documentation on the topic. Additionally, there are many online resources available that provide tutorials and tips on how to use control records in SAP.