SAP Inventory Management

Name: leverX Company
Brand: LeverX
Rating: 4.9 (114 reviews)

Optimize inventory control and increase overall warehouse efficiency with SAP Inventory Management.

As an SAP Gold Partner, we provide access to resources and seasoned professionals, ensuring your project's reliability. Our expertise helps us tailor SAP solutions for your unique needs, optimizing ROI and efficiency.

Partnering with LeverX as an SAP Global Strategic Supplier goes beyond buyer-seller dynamics. We provide critical solutions for global operations, collaborate with you on product development, and drive strategic initiatives.

As an SAP AppHaus Network Member, we help businesses solve complex problems, deliver exceptional user experiences, and drive digital transformation using design thinking and innovation expertise. We leverage SAP's best practices and cutting-edge tools to create user-centric solutions.

SAP Inventory Management is a solution that helps businesses control their stocked items more efficiently. It tracks all goods movements in the warehouse, from receipt to dispatch to customers. By reducing surpluses and optimizing stock levels, the system helps reduce storage costs.

SAP Inventory Management helps prevent stock-outs or surpluses. In addition, the system provides accurate data for analyzing and forecasting demand, helping companies make informed decisions and reacting quickly to market changes. This enables you to deliver high levels of customer service and satisfaction.

Accuracy and timeliness

SAP provides real-time inventory tracking, which improves order accuracy and allows for quick and efficient decision-making.

Feasible production schedules

You can create a production schedule precisely synchronized with actual demand based on SAP analytics. This minimizes waste and optimizes resource utilization.

Quality assurance

SAP integrates quality assurance to maintain product quality at the required level and improve customer satisfaction.

Stock analysis

SAP analytical tools provide valuable insights into stock dynamics and KPIs to optimize your inventory management strategy.

Faultless reporting

SAP generates accurate reports to ensure compliance and provide reliable information for strategic decision-making.

Integrations and scalability

SAP generates accurate reports, ensuring compliance and providing reliable information for strategic decision-making.

Goods movement data entry

Data entry of goods movements means tracking all the items in your warehouse. SAP Inventory Management records every step, from when items arrive to when they leave for sale or production. It creates a document for each action, so you always know where your goods are and what's happening to them.

Inventory categorization

Group storage units by various categories. For example, products may be classified as "Ready to use", "Quality control required", or "Temporarily blocked". This helps organize and control inventory more efficiently.

Inventory management by cost only

With SAP Inventory Management, you know the current cost of goods. You can use the information to analyze financial data and make purchasing, sales, and inventory management decisions.

Batch management

Batch management
Manage groups of products with the same characteristics or from the same supplier. For example, if you have multiple batches of the same product with different expiration dates, you can easily manage them separately. Product lots can be identified and tracked, making inventory management more efficient and transparent.

Specific inventory management

SAP Inventory Management helps you track and manage inventory stored separately from the company's main inventory or owned by other organizations. This optimizes inventory management and ensures accuracy and transparency in the accounting and management of specific inventory.

Comprehensive analysis

You get a detailed overview of the number of goods in stock, their cost, and movement methods. This helps you make more informed decisions about inventory management, optimizing inventory use, and minimizing costs.

Special auxiliary functions

These features give you additional options for managing your inventory. For example, you can track general items, different types of packaging, or empty containers separately from the main inventory. This allows for more flexible and efficient inventory management.

Why LeverX?

Proven track record

For over 20 years, we have helped businesses worldwide succeed with SAP. We’ve already completed 950+ projects for over 800 clients, including top names on the Fortune 500 list.

Industry experts

The LeverX team comprises professionals with hands-on knowledge in 30+ industries, including manufacturing, logistics, and oil  and gas.

SAP partnership

We implement SAP projects end-to-end  and collaborate with SAP on the development and enhancement of its existing solutions.

Quality and security track record

LeverX operates in compliance with international standards such as ISO 9001, ISO 27001, ISO 22301, and ISO 55001, ensuring reliability and quality in every project.

Investment in innovation

We actively integrate advanced technologies, such as Data Science, IoT, AI, Big Data, Blockchain, and others, to help clients efficiently address their business challenges.

Flexibility

Our team is available 24/7, which enables us to quickly deploy projects, maintain process transparency, and adapt each development phase to meet your specific requirements.

Implementation Roadmap

We follow the SAP Activate methodology, which breaks down the implementation of SAP Inventory Management into six essential stages:

Current Processes Evaluation: Assess existing business processes and identify the organization's needs.
Defining Technical Requirements: Create a detailed specification of the functional and technical needs of the new system.

Discover

Setting Goals and Objectives: Establish and agree on the goals to be achieved throughout the project.
Assembling the Project Team: Appoint team members and define their roles and responsibilities.
Project Plan Development: Create a comprehensive plan that outlines project phases, timelines, resources, and key performance indicators.
Budget Determination: Estimate and approve the budget.
Specifications Preparation: Develop the technical and functional specifications for the development team.

Prepare

Ensuring Business Requirements are Met: Check that SAP Inventory Management aligns with business requirements and project objectives.
Data Validation: Verify the accuracy and compliance of the data.

Explore

Data Migration: Transfer data from existing systems to the new one.
System Configuration: Set up the solution according to requirements and specifications.
Customization: Develop additional features and modules, if the standard solution does not meet all needs.
Integrations: Configure SAP Inventory Management to work with other IT systems and applications.

Realize

Testing: Perform functional, integration, regression, and load testing to ensure that all works correctly.
User Training: Organize sessions to help users become familiar with the new system.

Deploy

System Readiness Check: Verify that the system is ready for operational use.
Launch: Officially transition to active use of SAP Inventory Management.
Ongoing Support: Continuously monitor solution performance to identify and resolve any issues.

Run

What is SAP Inventory Management?

SAP Inventory Management is an SAP solution that accounts for, controls, and optimizes all aspects of inventory management, including receipts, movements, issues, and material inventory.

Which SAP systems does SAP Inventory Management integrate with?

SAP Inventory Management can be integrated with such SAP modules as the following:

SAP Materials Management (MM)
SAP Warehouse Management (WM)
SAP Production Planning (PP)
SAP Advanced Planner and Optimizer (SAP APO)
SAP Quality Management (SAP QM)
SAP Sales and Distribution (SD)

The integration you choose depends on your current version of SAP and your specific business needs.

How does SAP Inventory Management assist with managing inventory levels?

SAP Inventory Management offers tools to automatically generate replenishment orders, set minimum and maximum inventory levels, and perform demand forecasting. These processes help maintain optimal inventory levels, reduce storage costs, and ensure timely order fulfillment.

How does SAP Inventory Management support the management of expiration dates and batches?

SAP Inventory Management includes the following features that help minimize losses due to spoilage and ensure compliance with quality standard:

Entering and controlling expiration date data
Automatic warnings when these dates are expiring
FIFO (First In, First Out) material shipment management
LIFO (Last In, First Out) material shipment management

The integration you choose depends on your current SAP version and specific business needs.

1

An expert will reach out to you to discuss your specific migration needs and requirements.
2

We will sign an NDA to ensure any sensitive information is kept secure and confidential.
3

We'll work with you to prepare a customized proposal based on the project's scope, timeline, and budget.