What is material in SAP LO - Logistics - General?

SAP Term: material

• Component: LO

• Component Name: Logistics - General

• Description: The goods that are the subject of business activity. The material can be traded, used in manufacture, consumed, or produced.

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• Key Concepts: 
  Material is a term used in SAP Logistics to refer to any item that is used in the production process. This includes raw materials, semi-finished goods, and finished products. It can also refer to services that are provided by a vendor or supplier. Materials are tracked and managed in the SAP system using the Material Master Data. 
  
  How to use it: 
  The Material Master Data is used to store information about each material, such as its description, unit of measure, and price. This data is used to track and manage materials throughout the production process. The Material Master Data can also be used to generate reports and analyze trends in material usage. 
  
  Tips & Tricks: 
  When creating a new material in the SAP system, it is important to ensure that all relevant information is entered accurately. This will help ensure that the material can be tracked and managed properly throughout the production process. 
  
  Related Information: 
  The Material Master Data is closely related to other SAP Logistics components, such as Inventory Management and Warehouse Management. These components are used to track and manage materials throughout the production process.