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Warehouse Management Questions
Warehouse Management Questions
Inbound and Outbound delivery are not the same as GR and GI.
Inbound is related to MM module and Outbound is related to SD module.
In LT12
example when you decide to allocate this material for quality but the material is
not physically moved from the bin of storage or when you are transferring from
consignment stock to own stock.
Now there are two ways of carrying this out. Either in IM separately and then
doing it in WM, else doing it simultaneously in LQ02. Although the material is
carried out with a posting change, it is not physically moved from the Bin. So
only the status like from unrestricted to quality or consignment to own, etc.
changes.
3) What are the difference between LU01, LU02, LQ01 and LQ02?
LQ01 : With this transaction, you can post a MM-IM movement type in WM
Physical Inventory:
Physical Inventory is a business process in which physical stock is
matched with book (system) stock. It is legal requirement to carry out
physical inventory at least once in a year.
Physical inventory can be carried out both for a companyu2019s own stock
(Unrestricted, Quality, Blocked Stock) and for special stocks (Customer
Consignment stock, Vendor consignment stock from vendor, Returnable
packaging). This inventory is carried out saperately for both type of stocks.
3. Cycle Counting
o In this method of physical inventory, inventory is counted at regular
intervals within a fiscal year.
o These intervals (or cycles) depend on the cycle counting indicator set for
the material in Material Master record as CC indicator in plant view data.
o With this Cycle Counting Method of Physical Inventory allows fast-moving
items to be counted more frequently than slow-moving items.
4. Inventory Sampling
o Randomly selected stocks of the company are physically counted on the
balance sheet key date.
o If found not much variance between the counted stock and the book book
stock, it is presumed that the book inventory balances for the other stocks
are correct.
5. Analyze difference
- Once count is posted in the sytem, difference analysis can be carried out
using trasnaction MI20
- The output gives information based on the input criteria i.e. physical
inventory document, plant, material etc.
- The output gives information about the book quantity, Counted quantity,
difference in quantity and value.
- From this output list, you can carry out further process ie initiate recount,
change count quantity, post difference