What is class interval in SAP MM-IM - Inventory Management?

SAP Term: class interval

• Component: MM-IM

• Component Name: Inventory Management

• Description: The value range of the classes in a sample-based physical inventory. When the sampling area is divided into classes, the class interval is constant. &EXAMPLE& If the class interval is 30, the first class contains all stock management units with a value between 0.01 and 30.00, the second class contains all stock management units with a value between 30.01 and 60.00.

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• Key Concepts: 
  Class interval is a feature in SAP Inventory Management (MM-IM) that allows users to group materials into different classes based on their characteristics. This helps to simplify the inventory management process by allowing users to quickly identify and manage materials that have similar characteristics. 
  
  How to use it: 
  Class interval can be used to group materials into different classes based on their characteristics. For example, materials can be grouped into classes based on their size, weight, color, or any other characteristic. Once the materials are grouped into classes, users can easily identify and manage them. 
  
  Tips & Tricks: 
  When creating class intervals, it is important to consider the characteristics of the materials that will be grouped together. This will help ensure that the class intervals are effective and that materials are grouped together in a way that makes sense. 
  
  Related Information: 
  Class interval is related to other features in SAP Inventory Management such as material groups and material types. Material groups are used to group materials together based on their usage or purpose, while material types are used to group materials together based on their physical characteristics.