Main Business Scenario
Your enterprise has to carry out a physical inventory of its warehouse stocks at least once per fiscal year to balance its inventory. Various procedures can be implemented for this.
In a periodic inventory, all the enterprise’s stocks are physically counted on the balance sheet key date. Every material has to be counted. During counting, the entire warehouse must be blocked for material movements.
Like SD and MM integration as highlighted before, SAP also cover some of the integration area related to Material Management and Financial Accounting components of SAP R/3. Under this article, some of the important steps related MM-FI Integration have been highlighted. This complete integration is covered in SPRO under the node Valuation and Account Assignment (Account Determination & Automatic Postings).
In the standard SAP, with the standard configuration setting, for both Material Management as well as for Sales & Distribution, when we go for third party processing with SD components the systems take care of all the transaction automatically. Hence no extra efforts are required by consultants to meet the client requirement.
Assuming you have defined split valuation types in the sap img, you must remove all stock for the current period and one previous period before you can create the material with different valuation types.
The best method is to wait until the last day of a period, and then perform a physical inventory adjustment to remove the stock.
In normal materials management there are basically 2 basic inventory management systems, the P system and the Q system.
P system is a system wherein replenishment is done keeping the quantity constant. The period becomes the variant. In other words you fix the quantity you want the stock to dip, to trigger a requirement. As soon as the stock level is reached you replenish the stock. During a lean period the time taken to reach the level will be longer and during an active period the time taken to reach that stock could drop.This normally relates with your consumption based planning.
Q system is a system wherein replenishment is done keeping the period constant. The quantity becomes the variant. In other words you will check for the level of stock at fixed time intervals (daily, weekly, monthly etc.) compare it with the requirements on that day and trigger the procurement process for replenishment.This normally relates with your MRP.
In SAP MM materials management, Plant represents a location where valuated stocks are maintained. In other cases, plant can also be looked at as a location for maintaining or servicing. Transaction code OX10 can be used to define a plant in SAP. However, SAP MM requires certain pre-requisites before a plant can be defined in SAP. The three maiin requirements for configuring plant are country keys, factory calendar and region keys.