How to use OMLS - Stock Removal Strategy LIFO

SAP Transaction Code - Details

• Transaction Code: OMLS

  Description: Stock Removal Strategy LIFO

  Release: S/4HANA and ECC 6

• • Program:

    Screen: 0

    Authorization Object:

  • Development Package: LVSC

    Package Description: Warehouse Management (WM) Customizing

    Parent Package: APPL

  • Module/Component: LE-WM-GF

    Description: Other Functions

Smart SAP Assistant

• SAP Tcode: OMLS - Stock Removal Strategy LIFO

  /FIFO
  
  Overview: 
  The SAP transaction code OMLS is used to define the stock removal strategy for a material. This strategy determines whether the material is removed from stock using the Last In First Out (LIFO) or First In First Out (FIFO) method. 
  
  Functionality: 
  The OMLS transaction code allows users to define the stock removal strategy for a material. This strategy determines whether the material is removed from stock using the Last In First Out (LIFO) or First In First Out (FIFO) method. The LIFO method removes the most recently added material from stock first, while the FIFO method removes the oldest material first. 
  
  Step-by-step How to Use: 
  1. Enter transaction code OMLS in the command field. 
  2. Enter the material number in the Material field and press enter. 
  3. Select either LIFO or FIFO in the Stock Removal Strategy field and press enter. 
  4. Press save to save your changes. 
  
  Other Recommendations: 
  It is important to note that once a stock removal strategy has been defined for a material, it cannot be changed without deleting and recreating the material master record. Therefore, it is important to carefully consider which stock removal strategy is best suited for each material before defining it in SAP.