What is consumable material in SAP MM-IM - Inventory Management?

SAP Term: consumable material

• Component: MM-IM

• Component Name: Inventory Management

• Description: A material or service that is the subject of procurement and whose value is recorded using cost element accounts or fixed asset accounts. There are consumable materials: Without a material master record With a material master record without inventory management With a material master record with inventory management on a quantity basis only

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• Key Concepts: 
  Consumable material is a type of inventory item in SAP Inventory Management (MM-IM) that is used up in the production process and cannot be reused. It is typically used for items such as raw materials, fuel, and other supplies that are consumed during the production process. 
  
  How to use it: 
  Consumable material can be managed in SAP Inventory Management by creating a material master record for each item. This record will contain information such as the item's description, unit of measure, and stock level. The stock level can be adjusted as needed to ensure that the correct amount of consumable material is available for production. 
  
  Tips & Tricks: 
  It is important to monitor the stock levels of consumable materials closely to ensure that there is enough on hand for production. It is also important to track the usage of consumable materials to ensure that they are being used efficiently and not wasted. 
  
  Related Information: 
  For more information on managing consumable materials in SAP Inventory Management, please refer to the SAP Help Portal or contact your local SAP support team.