the material that involves in Inventory management is called Inventorized..like for eg you can see wht inventory magmnt covers;
As a component of Materials Management, Inventory Management is directly linked with Material Requirements Planning, Purchasing, and Invoice Verification.
Inventory Management provides information for MRP, which takes into account not only physical stocks but also planned movements (requirements, receipts).
When a material is ordered from a vendor, Inventory Management posts the delivery as a goods receipt with reference to the purchase order. The vendor invoice is processed later by Invoice Verification. Here, the quantities and values from the purchase order and the goods receipt document are checked to ensure that they match those in the invoice.
And the material whihc can't be stored or stocked..is called non-inventorized...
Hope its clears...
When a cost is added on the material cost it is said to be inventorised where as those charges which are not added to material cost is are called non inventorised.
Freight Charges are added to inventory cost, so it is inventoried where as VAT is not added to inventroy so it is non inventorised.
Hope this clears your doubt.
Thank and Regards
The term 'inventorised' means, that the component cost is added to the materil cost or stock inventory. Like the frieght cost can or cannot be inventorised depends upon the setting in pricing procedure.
Non-inventorised means the cost is not added to the material cost.
Eg: PB00....Base price : Rs.100
FRA1...Frieght : Rs 10
Total value of the material is : Rs 110
Here the freight value is inventorised. If the Total value of material is Rs.100 only, in this case the condition FRA1 is not inventorised.
The values get added to the material cost. This is also termed as Non deductible in Tax calculations.If it is a inventorized duty, then u can't take credit of the duty like Excise, vat. Separate condition types with the transaction keys NVV.
This values will flow into the separate GL acct as per the acct determination.This is also termed as Deductible in Tax calcualtions. If it is a non inventorized duty, then u can avail the credit of duty like Excise & Vat. Separate condiiton types with the separate transaction keys are predefined by SAP itself.
You can see this in OBQ1 - Condition types for taxes, OBCN - Transaction keys & assignment of this in OBQ3 - Tax procedures.