How to use OMWP - C LIFO/FIFO Methods

OMWP - Overview

• Transaction Code: OMWP

  Description: C LIFO/FIFO Methods

  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

OMWP - Details

• SAP Tcode: OMWP - C LIFO/FIFO Methods

  
  Overview: 
  The SAP transaction code OMWP - C LIFO/FIFO Methods is used to manage the inventory valuation methods of Last In First Out (LIFO) and First In First Out (FIFO). This transaction code allows users to set up and maintain the valuation methods for inventory items. 
  
  Functionality: 
  The OMWP - C LIFO/FIFO Methods transaction code allows users to set up and maintain the valuation methods for inventory items. This includes setting up the valuation methods for each item, as well as setting up the parameters for each method. The parameters include the number of days to be used in the calculation, the number of days to be used in the calculation, and the number of days to be used in the calculation. 
  
  Step-by-step How to Use: 
  1. Enter the transaction code OMWP - C LIFO/FIFO Methods into the SAP system. 
  2. Select the item you want to set up a valuation method for. 
  3. Select either Last In First Out (LIFO) or First In First Out (FIFO) as your valuation method. 
  4. Enter the parameters for your chosen method, such as the number of days to be used in the calculation, and any other relevant information. 
  5. Save your changes and exit the transaction code. 
  
  Other Recommendations: 
  It is important to ensure that all inventory items have a valid valuation method set up in order