PM Querry regarding old materials

[Former Member]

hi everybody

i have a querry regarding how old items are handled in PM . example in our old company we use to maintain a scrap ledger where we use to account our old items (materials/complete eqpts while replacing with new eqpts) etc we use to take into account as iron/copper/brass scrap etc and once they reach a certain level in scrap store we use to go for auction.

How is this part handled in PM?

regards

pushpa

[Former Member · Accepted solution]

Hi

First create material master for these materials.

Scrap the materials as Per MM procedure.

Make auction for these materials as per SD procedure.(Creation of sales orders, billing etc..)

Regards

Seenu

[Former Member · Accepted solution]

well thanks for ur answer

tell me what is the case for assets /

regards

pushpa

[Former Member · Accepted solution]

for these u have to create material type CAPITAL goods

[MG]

I would recommend Create a New material Type , Once the Item becomes old Transfer all the Inventory to new material type. This way you can manage the Inventory for both the new and old and new materials.Once your old materials reaches certain Inventory , that material can be sold of and the revenues can be credited to Inventory.

I hope this answers your query