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physical inventory

Materials Management (MM)

Counting and recording the actual stock levels of a given material in a given storage location at a specific time.

Logistics Execution (LE)

Actual counted material in a warehouse at a particular time period.

The counted quantity of a material for each storage bin is contained in the inventory items.

Industry-Specific Component Oil (IS-OIL)

In IS-Oil, actual, physical stocks of material, as opposed to "logical" stocks or inventory, which exist only in the System, but not in the "real world".