What is sample-based-physical-inventory profile in SAP MM-IM - Inventory Management?

SAP Term: sample-based-physical-inventory profile

• Component: MM-IM

• Component Name: Inventory Management

• Description: A mechanism for setting parameters for a sample-based physical inventory. To simplify parameter setting when you create a sample-based physical inventory, frequently used parameters are recorded in sample-based-physical-inventory profiles. When you set up a sample-based physical inventory, each parameter defaults to the value defined in the profile.

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• Key Concepts: 
  Sample-based-physical-inventory profile is a feature in SAP Inventory Management (MM-IM) that allows users to take physical inventory of their stock using a sample of items. This method is used to reduce the time and cost associated with taking a full physical inventory. The profile defines the sample size, selection criteria, and other parameters for the sample-based physical inventory process. 
  
  How to use it: 
  To use the sample-based-physical-inventory profile, users must first define the profile in the system. This includes setting the sample size, selection criteria, and other parameters. Once the profile is defined, users can then select items for the sample-based physical inventory process. The system will then generate a list of items that meet the selection criteria and are within the specified sample size. 
  
  Tips & Tricks: 
  When defining a sample-based-physical-inventory profile, it is important to consider the selection criteria carefully. This will ensure that the items selected for the physical inventory process are representative of the entire stock. Additionally, it is important to consider the sample size when defining the profile. A larger sample size will provide more accurate results but will also take longer to complete. 
  
  Related Information: 
  For more information on sample-based-physical-inventory profiles in SAP Inventory Management (MM-IM), please refer to SAP Help documentation or contact your local SAP support team.