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process of take physical inventory

Former Member
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How to take physical inventory, becoz my client is first tiem take phy. inventory. how take it.

and pls help about Tcode of material list with current stock.

thanks

Accepted Solutions (1)

Accepted Solutions (1)

former_member227232
Active Contributor
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Hi,

The flow of Physical inventory is as follows.

1)Create Physical Inventory Document MI01

2)You can set Blocking indicator

3)Print Physical Invetory Documents MI21

4) Hand over the sheets to stores person to do counting.

5)Enter Physical counts in the system MI04

6)List the differences MI20

7)Either we can change the count or

😎 Reinitiate the re-count MI11

9)Post the differences MI07

Results will be Inventory Value will be re-established,Exact available Qty is known which will help in better planning.

Reward if found useful

Vengat

Answers (5)

Answers (5)

csaba_szommer
Active Contributor
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(please search for thread with title: 'annual stock counting')

Former Member
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Hi,

An organization carries out physical stock verification on periodic basis. It is carried out monthly, quarterly, half yearly and yearly. Based on physical stock, we compare it with the book balance and if things are mismatch with the book balance we increase/ reduce the stock accordingly with proper approval from the concern authorities.

T-code used in Physical Inventory.

To Create Physical Inventory Document MI01

Enter inventory count MI04

Post Difference MI07

To See difference list MI20

Please reward, if found useful.

Ishu

csaba_szommer
Active Contributor
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Hi Santosh,

I'd like to ask you to please search first on this forum because there's a huge amount of threads on physical inventory (both in WM & IM).

Thanks,

Csaba

Former Member
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Hi Sontosh

You need to tell what type of physical inventory is being configured.

is it

1. Periodic inventory

2. Continuous inventory

3. Cycle counting

4. Inventory sampling

first you create Physical inventory doc using T-code MI01

Then you carry out count using T-code MI04

Then you post the difference using T-code MI07

Refer help.sap.com for better understanding

Former Member
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hi,

can you be clear on what you have issue . is it on physical inventory?

Former Member
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yes it is physical inventory system