Skip to Content
avatar image
Former Member

Re: Physical Inventory in real time

Hello,

Can anybody explain me the realtime procedure of Physial inventory??

Regrads,

Smitha

Add comment
10|10000 characters needed characters exceeded

  • Get RSS Feed

6 Answers

  • Best Answer
    Sep 25, 2008 at 05:40 AM

    Hello

    The following are the steps involved in physical inventory

    1.We prepare a list of the materials to be counted with material code/identification codes.

    2.The inbound and outbound will be blockled at the time of counting.

    3.Then we start the counting.

    4.We enter the counted stock against the materials in the list.

    5.Compare the counted physical stock with book stock or system stock.

    6.If there is any differance then we will adjust the physical stock and book stock With permission from higher authorities.

    Regards

    Gregory Mathews

    Add comment
    10|10000 characters needed characters exceeded

  • Sep 25, 2008 at 04:34 AM

    hi,

    Physical inventory takes place at storage location level. A separate physical inventory document is created for every storage location.

    1. You count the Physical inventory...

    2. Make a count...

    3. Freeze inventory postings...

    4. Enter count

    5. See the differences...if more then recount....

    6. make PI doc analysis...

    hope it helps..

    Regards

    Priyanka.P

    Add comment
    10|10000 characters needed characters exceeded

  • avatar image
    Former Member
    Sep 25, 2008 at 04:36 AM

    Hi,

    In real time normally you do physical inventory process once in a year( end of financial year)

    Steps are as normal.

    1. create physical inventory document for each storage location - MI01

    2.Enter the count -MI04

    3. Enter the physical inventory difeerence MI07

    Regards,

    Vijay

    Add comment
    10|10000 characters needed characters exceeded

  • avatar image
    Former Member
    Sep 25, 2008 at 04:41 AM

    hi

    About Physical inventory process following are few steps

    1. Use t-code MI31 instead of using MI01 , it will give you a document number of all your stock.

    2. If you did not get the document number use t-code MI24 .

    3. MI21 to print the document.

    4. MI04 to enter the count if you want put 0.

    5. MI07 post.

    Vishal...

    Add comment
    10|10000 characters needed characters exceeded

  • avatar image
    Former Member
    Sep 25, 2008 at 05:10 AM

    I want real time process...Not SAP

    Add comment
    10|10000 characters needed characters exceeded

  • avatar image
    Former Member
    Nov 04, 2008 at 11:18 AM

    ok

    Add comment
    10|10000 characters needed characters exceeded