Title:Organization/Area:
BUSINESS PROCESS PROCEDURE Physical Inventory VerificationInventory Management
Release: ECC6 File Name:
5.9.1 MM-MIGO-Physical Inventory Verification
Last Edited on:
22 October 2022 Version:
1.2
Overview
Physical inventory verification is required to be done.
Business Process Description OverviewMost companies carry out physical inventory verification periodically. When a company does not have many material management items, it is better to manually create single inventory documents. From these documents, a company can physically count material to enter into the system.
Input - Required Fields Field Value / CommentsDocument Date Current date will default.
Planned Count Date Current system date will default, change ifnecessary.
Plant Key that identifies the plant for which theinventory document is being created.
Storage Location Key that identifies the Sloc for which the inventory document is being created.
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Title:Organization/Area:
BUSINESS PROCESS PROCEDURE Physical Inventory VerificationInventory Management
Release: ECC6 File Name:
5.9.1 MM-MIGO-Physical Inventory Verification
Last Edited on:
22 October 2022 Version:
1.2
Output - Results CommentsPhysical inventory document is manually created in the system.
This is the material in stock list which will be helpful for physical verification.
Tips and Tricks
Physical verification process in BSNL requires internal approval forloss / gain of inventory for which there is no time bound. In mostinstances these are closed only during the year end. Additionally, theprocess of Goods receipt/ issues is not stopped for physicalverification. This is in conflict with the internal best practicesdefined in standard SAP process designed for Physical inventory. Inview of this, a custom development suiting to BSNL is proposed.
Steps in Inventory verification processes-
SR. Step Mode TCode Responsibility1 Inventory Report for
Physical VerificationSAP MB52 Stores
2 Organizing and Recording Physical Count
Manual N/A Stores and Finance
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Title:Organization/Area:
BUSINESS PROCESS PROCEDURE Physical Inventory VerificationInventory Management
Release: ECC6 File Name:
5.9.1 MM-MIGO-Physical Inventory Verification
Last Edited on:
22 October 2022 Version:
1.2
3 Difference List, Recount and Approval
Manual N/A Stores and Finance
4 Posting of Physical Verification differences
SAP MIGO Stores
Procedure Steps
1.1. Access Transaction by:
Via Menus (a) Logistics > Material Management > Inventory Management > Environment > Stock > Warehouse Stock
Via Transaction Code MB52
1.2. On screen Display Warehouse stock of material, enter information in the fields as specified in the below table:
Page 3 of 11
Title:Organization/Area:
BUSINESS PROCESS PROCEDURE Physical Inventory VerificationInventory Management
Release: ECC6 File Name:
5.9.1 MM-MIGO-Physical Inventory Verification
Last Edited on:
22 October 2022 Version:
1.2
Page 4 of 11
Enter plant, storage location.
Select No zero stock lines
Select Non hierarchical presentation, layout /DEFAULT
Title:Organization/Area:
BUSINESS PROCESS PROCEDURE Physical Inventory VerificationInventory Management
Release: ECC6 File Name:
5.9.1 MM-MIGO-Physical Inventory Verification
Last Edited on:
22 October 2022 Version:
1.2
FieldName
Description R/O/C
User Action andValues
Comments
Material No.
Enter Material No. O Enter or Select the materials from the full down file access
If you want to have totalstock ,don’t enter the material.
CompanyCode
Enter Company code O Enter or Select the materials from the full down file access
Plant Plant number R Enter or select Plant from the pull-down file access.
Storagelocation
Storage location R Enter or select a storage location from the pull-down file access.
Specialstock
Special stock indicator
O Used if special stock is to be handled differently.
Page 5 of 11
Title:Organization/Area:
BUSINESS PROCESS PROCEDURE Physical Inventory VerificationInventory Management
Release: ECC6 File Name:
5.9.1 MM-MIGO-Physical Inventory Verification
Last Edited on:
22 October 2022 Version:
1.2
.3. Press “Execute (F8) ”
1.4. On screen press to Display warehouse stock of material”, Save the file in desired folder & take print out
2.0 Use MIGO Screen to post the differences arisen from physical cost with Movement type 701 –for Goods receipts or 702 –for goods issue.
2.1 Goods receipts to increase the stock in system.
Access Transaction by:
Via Menus Logistics > Material Management > Inventory
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Click here to convert the document to text format.
Title:Organization/Area:
BUSINESS PROCESS PROCEDURE Physical Inventory VerificationInventory Management
Release: ECC6 File Name:
5.9.1 MM-MIGO-Physical Inventory Verification
Last Edited on:
22 October 2022 Version:
1.2
Management > Goods movement > Migo
Via Transaction Code MIGO
2.2 Select Goods receipts –Other - movement type 701, and enter the below information,
FieldName
Description R/O/C
User Action andValues
Comments
Material No.
Enter Material No. R Enter or Select the materials of which inventory to increase.
Quantity
Enter material quantity
R Enter material quantity
Plant Plant number R Enter or select Plant from the pull-down file access.
Storagelocation
Storage location R Enter or select a storage location from the pull-down file access.
Cost center
Cost center for inventory verification.
R Enter the appropriate cost center.
Reason for themovement
Enter 001(wrongly placed in store)
R Enter 001
Page 7 of 11
Title:Organization/Area:
BUSINESS PROCESS PROCEDURE Physical Inventory VerificationInventory Management
Release: ECC6 File Name:
5.9.1 MM-MIGO-Physical Inventory Verification
Last Edited on:
22 October 2022 Version:
1.2
Page 8 of 11
Title:Organization/Area:
BUSINESS PROCESS PROCEDURE Physical Inventory VerificationInventory Management
Release: ECC6 File Name:
5.9.1 MM-MIGO-Physical Inventory Verification
Last Edited on:
22 October 2022 Version:
1.2
2.3 Then finally check and post the document,
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Enter the movement type 701
Title:Organization/Area:
BUSINESS PROCESS PROCEDURE Physical Inventory VerificationInventory Management
Release: ECC6 File Name:
5.9.1 MM-MIGO-Physical Inventory Verification
Last Edited on:
22 October 2022 Version:
1.2
2.4 Select Goods receipts –Other - movement type 702,and enter the below information,
FieldName
Description R/O/C
User Action andValues
Comments
Material No.
Enter Material No. R Enter or Select the materials of which inventory to increase.
Quantity
Enter material quantity
R Enter material quantity
Plant Plant number R Enter or select Plant from the pull-down file access.
Storagelocation
Storage location R Enter or select a storage location from the pull-down file access.
Cost center
Cost center for inventory verification.
R Enter the appropriate cost center.
Reason for themovement
Enter 002(Missing from store)003(Damaged)
R Enter 002/003
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