What is counted stock in SAP MM-IM - Inventory Management?

SAP Term: counted stock

• Component: MM-IM

• Component Name: Inventory Management

• Description: The physical stock of a material, the quantity of which was determined during a physical inventory stocktaking process by counting, weighing, measuring or estimating. Differences discovered between the book inventory and the counted stock lead to correction of the book inventory balance.

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• Key Concepts: 
  Counted stock is a term used in SAP Inventory Management (MM-IM) to refer to the physical stock that has been counted and verified against the system records. This process is used to ensure that the actual stock on hand matches the system records, and is typically done on a periodic basis. 
  
  How to use it: 
  In SAP, counted stock is managed through the Inventory Counting process. This process involves creating an inventory count document, which contains the details of the items to be counted. The document is then posted, and the physical stock is counted and verified against the system records. Once the count is complete, any discrepancies between the physical stock and system records are reconciled. 
  
  Tips & Tricks: 
  It is important to ensure that all items in the inventory count document are accurately recorded, as this will help to ensure that the physical stock matches the system records. Additionally, it is important to ensure that all discrepancies are reconciled in a timely manner, as this will help to maintain accurate inventory records. 
  
  Related Information: 
  For more information on counted stock in SAP Inventory Management, please refer to SAP Help documentation at https://help.sap.com/viewer/product/SAP_ERP_Central_Component/6.0/en-US/f8d7f9a3e2b14c8a9f3d7c2b8e5f9a1e.html