What is 'fast-moving item' in SAP SCM-EWM - Extended Warehouse Management?

fast-moving item - Overview

• Component: SCM-EWM

• Component Name: Extended Warehouse Management

• Description: Product that is often moved in the warehouse.

fast-moving item - Details

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  Key Concepts: 
  A fast-moving item is a product that is sold or used at a high rate. It is an important concept in SAP Extended Warehouse Management (SCM-EWM) because it helps to identify the items that need to be managed more closely. This can help to optimize inventory levels and reduce costs. 
  
  How to use it: 
  In SAP EWM, fast-moving items are identified by analyzing sales and usage data. This data can be used to determine which items are selling or being used at a higher rate than others. Once identified, these items can be managed more closely, allowing for better inventory control and cost savings. 
  
  Tips & Tricks: 
  When analyzing sales and usage data, it is important to consider the seasonality of the items. For example, certain items may be more popular during certain times of the year, so it is important to take this into account when determining which items are fast-moving. 
  
  Related Information: 
  Inventory optimization is an important part of managing a warehouse. SAP EWM provides tools for inventory optimization, such as the ability to set reorder points and safety stock levels for fast-moving items. Additionally, SAP EWM provides tools for forecasting demand and managing inventory levels in real time.