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

SAP Term: inventory

• Component: MM-IM

• Component Name: Inventory Management

• Description: A detailed list of all objects in stock at a specific time, resulting from a physical inventory stocktaking process.

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• Key Concepts: 
  Inventory is a term used in SAP MM-IM Inventory Management to refer to the goods and materials that a company has in stock. It includes both raw materials and finished products. Inventory is tracked and managed in SAP to ensure that the right amount of goods are available when needed.
  
  How to use it: 
  Inventory can be managed in SAP by creating material master records for each item in stock. These records contain information such as the item’s description, unit of measure, and current stock levels. The inventory can then be monitored and adjusted as needed using various transactions such as Goods Receipts, Goods Issues, and Stock Transfers.
  
  Tips & Tricks: 
  It is important to keep accurate records of inventory levels in SAP to ensure that the right amount of goods are available when needed. To do this, it is recommended to regularly review the inventory levels and adjust them as necessary. Additionally, it is important to keep track of any changes in the material master records, such as changes in unit of measure or description.
  
  Related Information: 
  For more information on SAP MM-IM Inventory Management, please refer to the official SAP documentation at https://help.sap.com/viewer/product/SAP_ERP_MM_IM/6.0/en-US.