What is Manage Floor Stock in SAP MFG-DM-ME - Digital Manufacturing Execution?

SAP Term: Manage Floor Stock

• Component: MFG-DM-ME

• Component Name: Digital Manufacturing Execution

• Description: An app used to manage inventory in SAP Digital Manufacturing Cloud. You can create inventory IDs based on inventory transfers from an ERP system or create and manage inventory independently in SAP Digital Manufacturing Cloud.

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• Key Concepts: 
  Manage Floor Stock is a component of SAP’s Digital Manufacturing Execution (MFG-DM-ME) module. It enables manufacturers to track and manage their inventory on the shop floor in real-time. This helps to ensure that the right materials are available when needed, and that production processes are running smoothly. 
  
  How to use it: 
  Manage Floor Stock can be used to monitor inventory levels, track stock movements, and generate reports. It also allows users to set up alerts for when stock levels reach a certain threshold, so they can take action quickly. Additionally, it can be used to manage production orders and ensure that all materials are available when needed. 
  
  Tips & Tricks: 
  To get the most out of Manage Floor Stock, it is important to keep accurate records of all stock movements. This will help to ensure that the system is up-to-date and that any discrepancies can be quickly identified and rectified. Additionally, it is important to regularly review stock levels and adjust them as needed. 
  
  Related Information: 
  Manage Floor Stock is part of SAP’s Digital Manufacturing Execution (MFG-DM-ME) module. Other components of this module include Manage Production Orders, Manage Quality Control, and Manage Production Scheduling. Additionally, there are several other modules in SAP’s Digital Manufacturing suite that can be used in conjunction with Manage Floor Stock, such as Manage Supply Chain and Manage Maintenance & Repair.