How to use OMW3 - C Define LIFO Valuation Levels

SAP Transaction Code - Details

• Transaction Code: OMW3

  Description: C Define LIFO Valuation Levels

  Release: S/4HANA and ECC 6

• • Program:

    Screen: 0

    Authorization Object:

  • Development Package: MRY

    Package Description: Balance Sheet Valuation

    Parent Package: APPL

  • Module/Component: MM-IM-VP

    Description: Balance Sheet Valuation Procedures

Smart SAP Assistant

• SAP Tcode: OMW3 - C Define LIFO Valuation Levels

  
  Overview: 
  The SAP transaction code OMW3 is used to define the Last In First Out (LIFO) valuation levels in the system. This code is used to set up the LIFO valuation levels for inventory items and to assign them to the relevant company codes. 
  
  Functionality: 
  The OMW3 transaction code allows users to define the LIFO valuation levels for inventory items and assign them to the relevant company codes. This code also allows users to view, change, and delete existing LIFO valuation levels. 
  
  Step-by-step How to Use: 
  1. Enter the transaction code OMW3 in the command field. 
  2. Select the “Create” button to create a new LIFO valuation level. 
  3. Enter a name for the new LIFO valuation level and select “Save”. 
  4. Select the “Assign” button to assign the new LIFO valuation level to a company code. 
  5. Select the company code from the list and select “Save”. 
  6. Select “Back” to return to the main screen of OMW3. 
  7. To view, change, or delete existing LIFO valuation levels, select the “Display” button and enter the name of the LIFO valuation level you wish to view, change, or delete. 
  8. Select “Save” or “Delete” as appropriate and select “Back” when finished. 
  
  Other Recommendations: 
  It is recommended that users familiarize themselves with all of the options available in OMW3 before using it for any purpose, as there are many different options available that can be used to customize and manage LIFO valuation levels in SAP systems. Additionally, users should ensure that they have sufficient authorization before attempting to use this transaction code, as unauthorized use may result in errors or data loss.