Sap and erp

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1. The 5 phases of the materials management process are materials planning and control, purchasing, goods receiving, inventory management, and invoice verification.

. When managing inventory by quantity, all the changes in stock are entered in real time when a transaction occurs. An overview of materials can be seen at anytime. When managing stocks by value the system automatically updates the quantity and value for Inventory Management.

. The four types of good movements are good receipt, good issue, stock transfer and transfer posting. A goods receipt is a goods movement with which the receipt of goods from a vendor or from production is posted. A goods issue (GI) is a goods movement with which a material withdrawal or material issue, a material consumption, or a shipment of goods to a customer is posted. A stock transfer is the removal of material from one storage location and its transfer to another storage location. A transfer posting is a general term for stock transfers and changes in stock type or stock category of a material. It is irrelevant whether the posting occurs in conjunction with a physical movement or not.

4. A Document Concept is a document must be generated and stored in the system for every transaction/event that causes a change in stock.

5. When you enter a goods movement, you start the following chain of events in the system A material document is generated, which is used as proof of the movement and as a source of information for any other applications involved. If the movement is relevant for Financial Accounting, one or more accounting documents are generated. The stock quantities of the material are updated. The stock values in the material master record are updated, as are the stock and consumption accounts.

6. The goal of planning receipts is to simplify and accelerate the goods receipt process and to better organize the work at the goods receiving point.

7. The Inventory Management system supports five types of goods issue. The withdrawal of material for production orders. Scrapping and withdrawal of material for sampling. Return deliveries to vendors. Other types of internal staging of material. Deliveries to vendors without the involvement of the SD Shipping component.

8. The physical inventory process consists of three parts Physical inventory preparation, Physical inventory count and Physical inventory analysis.

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