What is 'Storage Groups' in SAP SRD-SCM-MD - SCM-Master Data?

Storage Groups - Overview

• Component: SRD-SCM-MD

• Component Name: SCM-Master Data

• Description: A work center view where you can create a hierarchy of product groups that you can use to structure the products you store in your warehouse.

Storage Groups - Details

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  Key Concepts: 
  Storage Groups are a feature of SAP's SCM-Master Data component that allow users to group together related materials and services. This allows for easier management of inventory and simplifies the process of tracking and ordering materials. Storage Groups can be used to group items by type, location, or any other criteria that makes sense for the user's business. 
  
  How to use it: 
  To create a Storage Group, users must first define the criteria for the group. This can include material type, location, or any other criteria that makes sense for the user's business. Once the criteria is defined, users can assign materials and services to the Storage Group. This allows users to easily track and manage their inventory. 
  
  Tips & Tricks: 
  When creating Storage Groups, it is important to consider how they will be used in the future. For example, if a user wants to track inventory by location, they should create Storage Groups based on geographic regions rather than individual locations. This will make it easier to manage inventory in the future. 
  
  Related Information: 
  For more information on Storage Groups, please refer to SAP's documentation on SCM-Master Data. Additionally, there are many online resources available that provide tips and tricks for using Storage Groups effectively.