What is Slow-Moving Item in SAP MM-FIO-IM - Fiori UI for Inventory Management?

SAP Term: Slow-Moving Item

• Component: MM-FIO-IM

• Component Name: Fiori UI for Inventory Management

• Description: A KPI that determines materials in stock that have not been moved within a specific time frame, for example, for more than six months. Warehouse managers see both the value of the slow moving items and the duration of the period without a goods movement, valuated with an annual interest rate in percent. This informs warehouse managers about opportunity costs for held stock or inventory.

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• Key Concepts: 
  A slow-moving item is an item in inventory that has not been sold or used for a long period of time. It is usually identified by its low turnover rate, which is the number of times it has been sold or used in a given period of time. In SAP, slow-moving items are tracked in the Fiori UI for Inventory Management (MM-FIO-IM). 
  
  How to use it: 
  In the Fiori UI for Inventory Management, users can view a list of slow-moving items and their associated turnover rates. This list can be filtered by item type, location, and other criteria. Users can also set up alerts to be notified when an item's turnover rate falls below a certain threshold. 
  
  Tips & Tricks: 
  It is important to regularly review the list of slow-moving items to identify any potential problems. For example, if an item has a low turnover rate due to incorrect pricing or poor product placement, these issues can be addressed to improve sales. Additionally, slow-moving items can be used as promotional items or discounted to increase sales. 
  
  Related Information: 
  The Fiori UI for Inventory Management also provides users with insights into inventory levels, stock movements, and other related information. This information can be used to identify trends and make informed decisions about inventory management. Additionally, users can use the Fiori UI to set up automated replenishment orders and track stock levels in real time.