In the SAP system, part of the Logistics process covering the following:
Management (that is, the recording and tracking) of stocks of materials on a quantity and value basis
Planning, entry, and documentation of stock movements such as goods receipts, goods issues, physical stock transfers, and transfer postings
Performance of physical inventory (stocktaking)
Warehouse management
It is a system for defining and managing warehouse structures in one or several plants.
You use the SAP WM component for the following tasks:
Inventory management in randomly-organized and fixed-bin storage types
Processing all relevant movements and tasks in the warehouse, such as goods receipt, goods issue, movements in the warehouse
Warehouse management (lean)
This warehousing structure makes it possible to create transfer orders for deliveries when no storage bins are managed in the system. For Lean WM, no goods receipts or goods issues are processed as a subsequent process in WM. This means that no bin data and no stock is updated at the storage bin level using quants. Instead, this transaction takes place at the storage location level. It is used primarily to handle pick orders for deliveries.
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