What is storage location in SAP MFG-ME - SAP Manufacturing Execution?

SAP Term: storage location

• Component: MFG-ME

• Component Name: SAP Manufacturing Execution

• Description: A space where an inventory ID is physically located.

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• Key Concepts: 
  Storage location is a component of the MFG-ME SAP Manufacturing Execution module. It is a physical location where goods are stored and managed. It is used to track the movement of goods and materials within a warehouse or factory. It can also be used to track the quantity of goods in stock, as well as their quality and condition. 
  
  How to use it: 
  Storage locations are used to manage the movement of goods and materials within a warehouse or factory. They can be used to track the quantity of goods in stock, as well as their quality and condition. They can also be used to manage inventory levels, plan production, and optimize warehouse operations. 
  
  Tips & Tricks: 
  When setting up storage locations, it is important to consider the size and layout of the warehouse or factory. This will help ensure that goods are stored in an efficient manner and that they can be easily accessed when needed. Additionally, it is important to ensure that storage locations are properly labeled so that they can be easily identified. 
  
  Related Information: 
  Storage locations are closely related to other components of the MFG-ME SAP Manufacturing Execution module, such as material requirements planning (MRP) and warehouse management (WM). These components work together to ensure that goods are stored in an efficient manner and that they can be easily accessed when needed. Additionally, storage locations are often integrated with other systems, such as enterprise resource planning (ERP) systems, for greater visibility into inventory levels and production processes.