SAP Inventory Management

Understand Inventory Management process in SAP. Get knowledge of managing stocks with SAP Inventory Management software.

What you'll learn

In-depth knowledge of Inventory Management
What is SAP Inventory Management
Understand the Inventory Management process in SAP MM
Stock Types and Movement Types
Process of Goods Receipt
Process of Goods Issue
Stock Transfers
Return to Vendor
Physical Inventory
Configuration of Inventory Management in SAP MM
Become an efficient Inventory Manager
Become an SAP MM Consultant
Learn end-to-end process of SAP Inventory Management

Requirements

Enthusiasm and determination to make your mark on the world!

Description

Inventory management is a systematic methodology to obtain, store, manage and optimize the raw materials and finished goods in an organization. It deals with the management of stock, either on value or quantity basis, and includes planning, entry, and keeping records of all the movements of goods.

SAP Inventory Management software helps to sense changes in demand, supply, and network alignment for inventory optimization. SAP inventory software provides a number of tools to simplify the management of raw materials, finished goods and any intermediate inventories or goods.

Organizational efficiency is the goal of SAP inventory management with focus on following processes:

Monitoring data—Gaining knowledge of inventory levels and change in levels over time

Interpreting data—Generating action items based on the data

Executing action items—Assigning the action items to your team


Course Curriculum - Inventory Management in SAP

Basics of Inventory Management

Stock Types

Movement Types

Process of Goods Receipt

Process of Goods Issue

Stock Transfers
i. What is Stock Transfer
ii. Types of Stock Transfer
iii. Transfer between Plants
iv. Transfer between Storage Locations
v. Transfer between Stock types
vi. Transfer using Stock Transport Order

Return to Vendor
i. Conditions under material returned to vendor
ii. Prerequisites for return to vendor

Cancellation

Initial Stock

Reservations

Physical Inventory

Configuration

i. Plant Parameters

ii. Number Range assignment

iii. Screen Selection

iv. End User Restrictions for Inventory Management activities

v. Movement Types and its attributes

vi. Individual transaction configuration

Who this course is for:

SAP MM/WM Consultants / Managers / End Users
Anyone aspiring to become SAP MM/WM Consultant / Manager
SAP Inventory Controllers
SAP Material Controllers
SAP Processors
SAP Logistics Analysts & Consultants
SAP MM/Supply Chain Inventory Management Analysts
Warehouse Operations Managers
SAP & ERP Professionals
SAP Functional Consultants
Business Analysts & Consultants
Project Managers & Supervisors
Anyone looking forward to start SAP career