cancel
Showing results for 
Search instead for 
Did you mean: 

FIFO procedure

Former Member
0 Kudos

Hi

can any one explain the FIFO procedure...I'am a beginner for this theme and is there a procedure for customize it?

Thanks

Regards,

Gaetano

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
0 Kudos

Hi Gaeteno,

Refer below points regarding FIFO Valuations..

1. In T-code OMWE, activate the balance sheet valuation as LIFO Valuation not active & FIFO Valuation active.

2. In T-code MRLH, FIFO Maintained at company code or plant level.

3. In T-code OMWL, set mean receipt price at valuation ares level if Plant or at company code level if at company code level.

4. Configure FIFO Valuation ares for teh respective year.

5. In T-code OMWP, Configure FIFO Method.

6. In T-code OMW4, Movemnet type settings for FIFO maintained. Generally, no chnages made.

7. Select material for FIFO in Tcode MRF4.

8. Execute FIFO Valuation- Tcode MRF1.

Hope it clears.

Rahul.

Answers (2)

Answers (2)

Former Member
0 Kudos

thanks for your suggest

Former Member
0 Kudos

It is a one of the Stock Removal Strategies.

During stock removal, While cretaing the TO the system searches for a Storage type. Storage will decide the Quants in Bins for any kind of Removal of stock. Stock removal Strategy can be applied to any storage Type for the bun search

With FIFO, the System propses the Qldest Quant to be removed first

Note:- If FIFO is used , the oldest Quant GR date is used during the Addition of Stock while Putaway.