What is externally-owned stock in SAP (SRD-SCM - SCM-Supply Chain Management)?

SAP Term: externally-owned stock

• Component: SRD-SCM

• Component Name: SCM-Supply Chain Management

• Description: Inventory that physically resides on the premises of a company but belongs to an external owner, for example, a customer.

Smart SAP Assistant

• Key Concepts: 
  Externally-owned stock is a type of inventory that is owned by a third-party supplier or vendor, rather than the company itself. This type of inventory is typically used when a company needs to purchase goods from an outside source, such as a distributor or wholesaler. The company will then pay for the goods when they are received. 
  
  How to use it: 
  Externally-owned stock can be used in SAP Supply Chain Management (SCM) to manage the purchase and delivery of goods from external vendors. The system allows companies to track the status of orders, manage inventory levels, and monitor supplier performance. It also provides visibility into the supply chain, allowing companies to make informed decisions about their supply chain operations. 
  
  Tips & Tricks: 
  When using externally-owned stock in SAP SCM, it is important to ensure that the vendor is reliable and able to deliver the goods on time. Additionally, it is important to monitor inventory levels closely to ensure that there are no shortages or overages. 
  
  Related Information: 
  For more information on externally-owned stock in SAP SCM, please refer to the SAP Help Portal or contact your local SAP representative.