Term
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Definition
| a goods movement in which the receipt of goods from both an external vendor and from production is posted |
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Term
| A Goods Receipt leads to a ________ of _______ Stock |
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Definition
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Term
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Definition
| a goods movement in which a material withdrawal, goods issue, material consumption, or goods shipment is posted to a customer. |
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Term
| A Goods Issue leads to a ________ of _______ Stock |
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Definition
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Term
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Definition
| removal of materials from a particular storage location and placement into another storage location. Always a physical movement. One- and Two-Step procedures are possible. |
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Term
| What does a Stock Transfer take place between? |
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Definition
| within the same plant or between two plants |
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Term
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Definition
| results in a change in the stock ID number or the stock category of a material. Need not involve an actual physical goods movement (but can.) |
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Term
| Examples of Transfer Posting |
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Definition
| Stock to Stock (ex: in quality inspection to unrestricted use), Material to Material, Consignment to Warehouse |
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Term
| Examples of Stock Transfer |
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Definition
| Storage Location to Stor. Loc, Plant to Plant, CC to CC...all physical movements |
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Term
| What are the Transfer Procedures for Stock Transfers |
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Definition
| One- and Two-Step Stock Transfer Postings |
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Term
| One-Step Stock Transfer Procedure |
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Definition
| Step 1: Remove from storage and Step 2: Place in storage in Stock...occur at the same time going from issuing org level to rec org level. |
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Term
| Two-Step Stock Transfer Procedures |
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Definition
| Step 1: Remove from storage in issuing org level (then go to In-Stock Transfer in rec org level), Step 2: Place in Stor. in rec org level's Stock. |
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Term
| Advantage of One-Step Stock Transfer Procedure |
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Definition
| you enter a single transaction in the system |
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Term
| Advantage of Two-Step Stock Transfer Procedure |
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Definition
| enables you to monitor stocks that you are in the process of transferring from one place to another; necessary between plants if users have authorization only for their own plant. |
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Term
| Storage Location to Storage Location: One-Step (where occur, what stock types can it be used for, what doc is created, what is doc created from, what doc not created and why?) |
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Definition
-carried out w/in a plant
- can be used for all stock types
-material doc is created
-created from item for the removal of the material from storage (goods issue) at the issuing storage location; also created from an item for the placement of the material in storage (goods receipt) at the receiving storage location
-accounting doc is NOT created because the transferred material is managed in the same plant and has the same posting data |
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Term
| Storage Location to Storage Location: Two-Step (where occur/stock type, what happens, what docs are created and when, what is doc created from, what does not take place here?) |
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Definition
- can only transfer from unrestricted-use stock at the issuing location to unrestricted-use stock at thte receiving storage location
- 1) after stock removal posting, the quantity is booked out of the issuing stor loc, 2) At Rec. SL, quantity is already included in stock for that location as stock in transfer, 3) not available for unrestricted use stock at plant level during this movement, 4) when goods are received at the Rec. SL, quantity is transferred from stock in transfer to unrestricted use stock
-two mat. docs are created; one at the time of issue (removal from storage), one at time of goods receipt (putaway or placement in storage)
-Valuation doesnt occur |
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Term
| Cross-Plant Stock Transfer (aka, plants belong to, rule, affects and when) |
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Definition
-aka Plant to Plant stock transfer
-plants can belong to same or different companies
-general rule: can only be booked out of unrestricted-use stock
- affects Financial Accounting and MRP
-Only affects FI if two plants are assigned different valuation areas
-valuation occurs in first step (if in ST made in two steps) |
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Term
| Explain the Affects on Financial Accounting of a Cross-Plant Stock Transfer |
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Definition
-leads to value update in the stock accounts
-acct doc is generated parallel to the mat doc for the transfer
-stock transfer is valuated at the valuation price of the material in the issuing plant |
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Term
| Explain the Affects on Financial Accounting of a Cross-Company-Code Stock Transfer |
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Definition
-two accounting docs are created at the time of posting; one for each company code
-offsetting entry to the stock posting is then made to a CC clearing account |
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Term
| Plant to Plant Stock Transfer: One-Step Procedure |
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Definition
| goods issue and goods receipt are posted in a single material document |
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Term
| Plant to Plant Stock Transfer: Two-Step Procedure |
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Definition
- when removing from storage, must specify the rec. plant, material, and the issuing org levels
-stock transfer takes place when the material is removed from storage and posted to stock in transfer at the rec. plant |
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Term
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Definition
| -like an Internal Purchase Order |
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Term
| What are the possible procedures for a Cross-Plant Stock Transfer? |
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Definition
-One-Step Procedure
-Two-Step Procedure
-Stock Transport Order (with/without delivery) |
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Term
| What are the advantages to using a Stock Transfer Order compared to w/o using one? |
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Definition
-STO is integrated with MRP. Thus, purch reqs generated by MRP can be converted into STO
- receipt can be planned at the rec. plant
- can enter delivery costs and a forwarder/carrier in a STO
- goods receipt can be posted directly to consumption
-in a goods receipt into the warehouse, you can also post the material to stock in quality inspection or to blocked stock
- entire process (GI and GR) can be monitored via the PO History |
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Term
| How can a Stock Transfer be monitored? |
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Definition
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Term
| What are the possible usability classes at the receiving plant for storage location in a Stock Transfer Order? |
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Definition
- unrestricted use stock
- stock in quality inspection
- blocked stock |
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Term
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Definition
| the link between procurement and distribution regardless of whether internal processes are concerned or whether third parties are incorporated |
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Term
| What are the two basic forms of process display in Logistics Execution for GI and GR? |
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Definition
| can start the process with either the creation of a delivery or an incentory management posting (each with a reference to a preceding doc) |
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Term
| In Logistics Execution, if working with vendors what must be completed and when? |
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Definition
| the warehouse management activities must be completed (creating and confirming a transfer order) BEFORE the inventory management posting. (This always refers to a delivery) |
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Term
| What is the Transfer Order? |
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Definition
| the document in which all material movements in the warehouse are executed |
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Term
| The Inv Management posting can be the start of the process. What follows and ends the process? |
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Definition
-inv management posting creates a transfer requirement that is the planing and posting basis of the warehouse management activities
-the putaway or stock removal with transfer order completes it |
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Term
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Definition
| always linked with at least one combination of plant and storage location |
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Term
| What is the connection between inventory management and warehouse management? |
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Definition
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Term
| Storage Location defn: Warehouse Management |
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Definition
| org level for quantity-based inventory management |
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Term
| Do all SLs that have been created in a Plant have to be linked to one warehouse number? |
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Definition
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Term
| How many plant-storage locations can be linked with one warehouse number? |
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Definition
| several, but mult warehouse numbers can't be linked to plant-SL combinations |
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Term
| Transport Planning Point defn |
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Definition
-assigned to a company code
- can only be linked to ONE company code
- necessary because shipment cost calc and settlement are done here |
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Term
| Company Code defn: Warehouse Management |
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Definition
| -direct link between Transportation Planning Point and Plant (level where balance, profit, and loss calcs are created) |
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Term
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Definition
form a link to inventory management from warehouse management
-ex: GR/IR areas
-anything that affects inv management and warehouse mgnt is processed here |
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Term
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Definition
-created within storage types for further separation of storage space
-the material to be placed in storage type often play a decisive role, because, for example, fast moving items are to be store in a more accessible area and some perishable goods have to be in a refrigerated area
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Term
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Definition
-on same level as storage section
-can be used to divide the storage type area for technical stock removal purposes
-is OPTIONAL |
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Term
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Definition
| MASTER DATA that you create within a storage section |
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Term
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Definition
| can be known as handling instructions for a sales person. See diagram for further notes |
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Term
| How is physical inventory carried out? |
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Definition
| on the basis of stock management units |
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Term
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Definition
| non-divisible part of materials for which a separate book inventory exists |
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Term
| How is a Stock Management Unit defined? |
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Definition
Material
Plant Storage Location
Stock Type
Batch
Special Stock |
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Term
| How are stock management units counted? |
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Definition
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Term
| How are the inventory differences posted? |
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Definition
| Per Stock Management Unit |
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Term
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Definition
| correction of incorrect stock quantities |
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Term
| Accounting: Physical Inventory |
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Definition
| determination of material stocks for current assets |
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Term
| What are the phases in the physical inventory process? |
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Definition
- creation of physical inventory documents
- entry of count
- posting of inventory differences |
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Term
| Physical Inventory Process Phase: Creation of Physical Inv. Documents |
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Definition
-create the physical inv (PI) doc.
- select stocks to be counted and create PI docs
- print the docs to start the counting process |
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Term
| Physical Inventory Process Phase: Entry of Count |
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Definition
- enter the count results into system
- system then determines the inv differences
- if some results are doubtful, can arrange a recount of Stock Management Units affected (further PI docs created) |
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Term
| Physical Inventory Process Phase: Posting of Inventory Differences |
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Definition
- post the inv differences that have been identified
- stock quantity and stock value are updated
- stock accounts are updated in accounting |
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Term
| How are PI documents created? |
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Definition
| Per plant and storage location |
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Term
| If you want to add inventory special accounts, what PI docs need to be created per? |
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Definition
| plant, storage location and vendor, or customer or project |
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Term
| The items of a PI document are assigned to what after their inventoried? |
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Definition
| material group or storage bin in addition to;plant, storage location and vendor, or customer or project |
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Term
| Physical Inventory Number |
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Definition
Not the same as PI document nucument
-facilitates selection of PI docs to be processed during entry of the count data, posting of differences, and in evaluations |
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Term
| What does the status of an item in PI indicate? |
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Definition
| whether or not the item has been processed, counted, posted, or recounted; can use it in searches for PI docs |
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Term
| What changes can be made to a PI document header? |
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Definition
- change the planned count date
- set or unset the posting block or freeze book inventory
- create or change the physical inventory number |
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Term
| What changes can be made in a PI doc header in a non-yet-counted item? |
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Definition
- change stock type or change the count unit of measure
- set the deletion indicator
* can enter new items as long as no count has been entered yet
*and can delete |
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Term
| What can be found in a PI Doc header? |
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Definition
| Plant, Storage Location, Special Stock, inventory Number, Grouping, Planned Count Date, Count Date, Posting Date,...Count Status, Posting Status, Deletion Status |
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Term
| What can be found in a PI Doc item category? |
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Definition
| 1st item, 2nd item, etc item, Material, Quantity, Batch, Stock Type, Alt Unit of Measure, Item Deleted, Status (updates header) |
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