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

SAP Term: owner

• Component: SCM-ECT-LIM

• Component Name: Logistics Inventory Management Engine

• Description: Business partner who has legal ownership of a stock. The business partner can transfer this stock to another business partner , without transferring ownership, for the purposes of storage, administration, or further processing. This switch of the actual authority over the stock means that the custodian of the stock changes. You should not confuse the owner of the stock with its custodian. &EXAMPLE& Consignment processing: A customer has received goods from a vendor as consignment stock and places them into storage, meaning that the customer becomes the custodian. The vendor remains owner of the goods until the customer removes them from the consignment stock. This withdrawal constitutes the time when ownership of the goods switches.

Smart SAP Assistant

• Key Concepts: 
  In the Logistics Inventory Management Engine (LIM) component of SAP SCM, an owner is a user or organization that is responsible for managing and controlling the inventory. The owner is responsible for ensuring that the inventory is accurate and up-to-date, and that it meets the needs of the business. 
  
  How to use it: 
  The owner is responsible for setting up and maintaining the inventory, as well as monitoring and controlling it. This includes setting up the inventory structure, setting up the inventory rules, and setting up the inventory parameters. The owner also has to ensure that the inventory is accurate and up-to-date, and that it meets the needs of the business. 
  
  Tips & Tricks: 
  It is important to ensure that the owner 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 owner has access to all of the necessary tools in order to properly manage and control the inventory. 
  
  Related Information: 
  The owner also has to ensure that all of the necessary processes are in place in order to properly manage and control the inventory. This includes processes such as ordering, receiving, stocking, tracking, and disposing of inventory. Additionally, it is important to ensure that all of the necessary policies are in place in order to properly manage and control the inventory.