What is consumption in SAP MM-IM - Inventory Management?

SAP Term: consumption

• Component: MM-IM

• Component Name: Inventory Management

• Description: A quantity usually updated by the system when a material is withdrawn from the warehouse or stores, indicating how much of the material has been used or consumed over a certain past period.

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• Key Concepts: 
  Consumption in SAP MM-IM Inventory Management is the process of reducing the quantity of an item in stock. This is done when the item is used in production or sold to a customer. Consumption can be done manually or automatically, depending on the settings of the system. 
  
  How to use it: 
  In SAP MM-IM Inventory Management, consumption is done by entering a goods issue document. This document contains information about the item being consumed, such as its quantity and the reason for consumption. Once the document is saved, the quantity of the item in stock will be reduced accordingly. 
  
  Tips & Tricks: 
  When entering a goods issue document for consumption, make sure to double-check all information entered. This will help ensure that the correct quantity of items is consumed and that no mistakes are made. 
  
  Related Information: 
  Consumption is closely related to other processes in SAP MM-IM Inventory Management, such as goods receipt and stock transfer. Understanding how these processes work together can help ensure that inventory levels are accurately maintained.