What is three-step stock transfer procedure in SAP MM-IM - Inventory Management?

SAP Term: three-step stock transfer procedure

• Component: MM-IM

• Component Name: Inventory Management

• Description: A procedure for transferring stock from one company code to another within a corporate group. In cross-company-code stock transfers according to this procedure, the goods issue comprises two steps. The complete stock transfer involves the following steps: Post goods issue In the first step of the goods issue, quantities and values are posted. The quantity is booked out. This means it does not appear as part of the stock in either the procuring company code or the receiving company code. Values are posted to the material stock account and a special clearing account of the receiving company code. Until the transfer of title, the material belongs to the procuring company code. Post transfer of title The second step of the goods issue is the transfer of title transfer of ownership. This means that the value of the goods is transferred from the procuring company code to the receiving company code. Values are posted to the special clearing accounts and the company-code clearing accoun

Smart SAP Assistant

• Key Concepts: 
  The three-step stock transfer procedure is a process used in SAP Inventory Management (MM-IM) to transfer stock from one storage location to another. It involves three steps: goods issue, goods receipt, and stock transfer posting. The goods issue step is used to remove the stock from the source storage location, the goods receipt step is used to add the stock to the target storage location, and the stock transfer posting step is used to update the inventory records. 
  
  How to use it: 
  To use the three-step stock transfer procedure, first create a goods issue document in SAP. This document will specify the source storage location and the quantity of stock to be transferred. Next, create a goods receipt document in SAP. This document will specify the target storage location and the quantity of stock to be received. Finally, post a stock transfer document in SAP. This document will update the inventory records with the new quantity of stock in each storage location. 
  
  Tips & Tricks: 
  When creating a goods issue or goods receipt document, make sure that all of the required fields are filled out correctly. This will ensure that the inventory records are updated accurately. Additionally, it is important to check that all of the documents have been posted correctly before closing out the process. 
  
  Related Information: 
  For more information on using SAP Inventory Management, please refer to SAP's official documentation or contact your local SAP support team.