Physical Inventory in real time

[Former Member]

Hello,

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

Regrads,

Smitha

[former_member529134 · Accepted solution]

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

[Former Member]

ok

[Former Member]

I want real time process...Not SAP

[Former Member]

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...

[Former Member]

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

[former_member581212]

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