What is custodian in SAP SCM-ECT-LIM - Logistics Inventory Management Engine?

SAP Term: custodian

• Component: SCM-ECT-LIM

• Component Name: Logistics Inventory Management Engine

• Description: Business partner who stores, manages, or processes stock for another business partner without any transfer of title to the goods taking place. Whereas the custodian exerts day-to-day control over the stock, the owner retains the legal title to it. The custodian of stock at any given time must not be confused with its legal owner. &EXAMPLE& Consignationment processing. A customer has received goods from a vendor as consignment stock and places it in storage. As a result, he becomes the custodian of the stock. The vendor remains the owner of the goods until such time as the customer withdraws it from consignment stores. Transfer of title takes place at the time of such withdrawal.

Smart SAP Assistant

• Key Concepts: 
  A custodian in the Logistics Inventory Management Engine (LIM) component of SAP SCM is a user responsible for managing and controlling inventory. The custodian is responsible for ensuring that the inventory is accurate and up-to-date, as well as for tracking and reporting on inventory levels. 
  
  How to use it: 
  The custodian is responsible for setting up and maintaining the inventory system, including setting up the inventory categories, setting up the inventory items, and setting up the inventory locations. The custodian is also responsible for monitoring and controlling the inventory levels, including tracking and reporting on inventory levels, and ensuring that the inventory is accurate and up-to-date. 
  
  Tips & Tricks: 
  It is important to ensure that the custodian has access to all of the necessary information in order to properly manage and control the inventory. This includes access to reports, data, and other information related to the inventory. Additionally, it is important to ensure that the custodian has a clear understanding of how to use the system in order to properly manage and control the inventory. 
  
  Related Information: 
  The custodian is also responsible for ensuring that all of the necessary processes are in place in order to properly manage and control the inventory. This includes setting up processes for ordering, receiving, storing, and disposing of inventory items. Additionally, it is important to ensure that all of the necessary policies are in place in order to ensure that the inventory is managed properly.