What is free floating quantity in SAP SD-SLS-WOM - Cross-Channel Order Management for Retail?

SAP Term: free floating quantity

• Component: SD-SLS-WOM

• Component Name: Cross-Channel Order Management for Retail

• Description: A quantity that can be claimed by any stock pool. This quantity is calculated by taking the overall available quantity minus the open quantity from other active stock pools.

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• Key Concepts: 
  Free floating quantity is a term used in SAP's Cross-Channel Order Management for Retail component. It refers to the quantity of an item that is available for sale but not yet assigned to a specific customer or order. This quantity is tracked separately from the quantity that has been assigned to a customer or order. 
  
  How to use it: 
  The free floating quantity can be used to determine the availability of an item for sale. It can also be used to track the amount of inventory that is available for sale but not yet assigned to a customer or order. This information can be used to manage inventory levels and ensure that customers have access to the items they need. 
  
  Tips & Tricks: 
  It is important to keep track of the free floating quantity in order to ensure that customers have access to the items they need. This can be done by regularly monitoring the free floating quantity and adjusting inventory levels accordingly. Additionally, it is important to ensure that the free floating quantity is accurately tracked in order to avoid overstocking or understocking of items. 
  
  Related Information: 
  The free floating quantity is related to other terms such as on-hand quantity, allocated quantity, and reserved quantity. On-hand quantity refers to the total amount of an item in stock, while allocated and reserved quantities refer to the amount of an item that has been assigned to a customer or order. Understanding how these terms are related can help you better manage your inventory levels and ensure that customers have access to the items they need.