LUMIFY SCM510 Inventory Management and Physical Inventory User Guide
- June 16, 2024
- LUMIFY
Table of Contents
LUMIFY SCM510 Inventory Management and Physical Inventory User Guide
SAP AT LUMIFY WORK
Develop your SAP empowered employees with Lumify Work. Getting the right
skills in placemaximises the chance of project success and removes risk.
Lumify Work provides a select range of SAP trainingcourses for SAP S/4HANA,
SAP HANA, SAP BusinessObjects and more. Lumify Work can work with you to
navigate the curriculum and help you create a learning plan that will
ultimately boost technology proficiency across your organisation.
WHY STUDY THIS COURSE
This course will give you a comprehensive overview and in depth knowledge of the inventory management process in SAP.
After attending this class you will understand the major business processes, functions, and configuration in inventory management. This course should be taken after the SCM500 curriculum prerequisite.
This course is based on software release:
- SAP ERP 6.0 with Enhancement Package 7
This course is also available in a self-paced e-learning format, complete with system demonstrations and simulations, under course code SC510E.
WHAT YOU’LL LEARN
This course will prepare you to:
- Learn the basic functions of inventory management and physical inventory, and how to create different goods movements in the SAP system
- Become familiar with the special functions of inventory management and physical inventory, and the Customising settings relevant to inventory management and physical inventory
My instructor was great being able to put scenarios into real world instances that related to my specific situation.
I was made to feel welcome from the moment I arrived and the ability to sit as a group outside the classroom to discuss our situations and our goals was extremely valuable.
I learnt a lot and felt it was important that my goals by attending this course were met. Great job Lumify Work team.
COURSE SUBJECTS
Introduction to Inventory Management
- Defining Inventory Management and Physical Inventory
- Moving Goods with the MIGO Transaction
Goods Receipts (GRs)
- Posting a GR Without Reference
- Posting a GR with Reference
- Posting a GR with Automatic Generation of a PO
- Posting Cancellations, Return Deliveries, and Returns
- Applying Order Price Unit in Inventory Management
- Applying Tolerances and the Delivery Completed Indicator
- Adding Date Checks to GRs for a PO
Stock Transfers and Transfer Postings
- Performing Transfer Postings
- Performing Stock Transfers Between Storage Locations
- Performing Stock Transfers Between Plants
Reservations
- Creating Manual Reservations
- Evaluating Reservations
- Checking Availability and Missing Parts
Goods Issues (GIs)
- Posting Unplanned GIs
- Posting a GI with Reference
- Configuring Stock Determination
- Allowing Negative Stock
Special Forms of Procurement and Special Stocks
- Performing the Process of Subcontracting
- Performing Vendor Consignment
- Operating Pipeline Processes
- Posting Goods Movements for Special Stocks
Special Features of Material Valuation
- Posting Goods Movements for Material Types UNBW and NLAG
- Configuring Split Valuation
Physical Inventory
- Conducting Physical Inventory
- Analysing the Determination of Book Inventory
- Simplifying Physical Inventory
- Applying Cycle Counting
- Applying Inventory Sampling
Analyses
- Applying Stock Lists and Document Lists
- Applying Periodic Processing
Customising
- Implementing Settings for Documents
- Setting Up Movement Types
- Applying Other Customising Settings
Logistics Execution
- Managing Logistics Execution Processes
- Posting a GR Against a PO
- Posting a GI for a Sales Order
WHO IS THE COURSE FOR?
- Application Consultant
- Business Process Architect
- Business Process Owner / Team Lead / Power User
- Program / Project Manager
- User
PREREQUISITES
Essential
- SAP Processes in Procurement (SCM500) or corresponding SAP knowledge in materials management area
Recommended
- A solid understanding of the inventory management process
https://www.lumifywork.com/en-au/courses/scm510-inventory-management-and- physical-inventory/
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