What is on hand in SAP SRD-SCM-WME - SCM-Warehousing and Manufacturing Execution?

SAP Term: on hand

• Component: SRD-SCM-WME

• Component Name: SCM-Warehousing and Manufacturing Execution

• Description: Available for use immediately.

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• Key Concepts: 
  On hand is a term used in SAP's SCM-Warehousing and Manufacturing Execution component to refer to the amount of a particular item that is currently available in a warehouse or other storage location. It is the sum of the physical inventory, goods in transit, and goods reserved for production. 
  
  How to use it: 
  On hand can be used to track the amount of a particular item that is available for use or sale. It can also be used to determine when additional items need to be ordered or produced. The on hand quantity can be adjusted manually or automatically based on incoming and outgoing goods. 
  
  Tips & Tricks: 
  It is important to keep an accurate record of on hand quantities in order to ensure that there are enough items available for use or sale. It is also important to regularly review the on hand quantity and adjust it as needed. 
  
  Related Information: 
  On hand is related to other terms such as inventory, goods in transit, and goods reserved for production. It is also related to the concept of inventory management, which involves tracking and managing the amount of items available in a warehouse or other storage location.