SAP Inventory Managementhttp://www.checklist20.com/bestpractices.htmlThis checklist deals with all functions under inventory management.Validate that Shipment recording process is complete, appropriate and timely.http://www.checklist20.com/bestpractices.html#cid=172&cn=SAP Inventory Management&tid=459&tn=Validate that Shipment recording process is complete, appropriate and timely. ...  View More]]>Ascertain that Returns process is well defined and implemented per organization policyhttp://www.checklist20.com/bestpractices.html#cid=172&cn=SAP Inventory Management&tid=458&tn=Ascertain that Returns process is well defined and implemented per organization policyWith no well defined returns process the identification and return of defective materials will not be consistent or timely. Credit or replacement for defective products wont be standard and repeatable process. ...  View More]]>Verify that Finished good inventory recording process is complete and timely.http://www.checklist20.com/bestpractices.html#cid=172&cn=SAP Inventory Management&tid=457&tn=Verify that Finished good inventory recording process is complete and timely. ...  View More]]>Ensure that Settlement rules are accessible by only authorized personnel.http://www.checklist20.com/bestpractices.html#cid=172&cn=SAP Inventory Management&tid=456&tn=Ensure that Settlement rules are accessible by only authorized personnel. ...  View More]]>Validate that Recording of production costs is complete and in correct costing period.http://www.checklist20.com/bestpractices.html#cid=172&cn=SAP Inventory Management&tid=455&tn=Validate that Recording of production costs is complete and in correct costing period.Not all costs are included- one or more of these are missing: transfer of materials to and from productions, production costs, defective products , scraps. ...  View More]]>Ensure that Bill of material data is current, complete and accurate as per management intentions. http://www.checklist20.com/bestpractices.html#cid=172&cn=SAP Inventory Management&tid=454&tn=Ensure that Bill of material data is current, complete and accurate as per management intentions. Unauthorized access can lead to breach of data security. Bill of material is not relevant or complete which leads to wrong ordering and inventory management.   ...  View More]]>Validate that Inventory master data is reviewed and updated regularly for accuracy and pertinenence.http://www.checklist20.com/bestpractices.html#cid=172&cn=SAP Inventory Management&tid=453&tn=Validate that Inventory master data is reviewed and updated regularly for accuracy and pertinenence.Data security and validity is compromised with no access restriction. With no regular review data is outdated and not relevant anymore. All functions and processes using this data are incorrect and produce wrong results.  ...  View More]]>Validate that Naming convention for vendor master data are followed to avoid duplicates.http://www.checklist20.com/bestpractices.html#cid=172&cn=SAP Inventory Management&tid=452&tn=Validate that Naming convention for vendor master data are followed to avoid duplicates.Eliminate duplicates and all vendor data is consistent and has complete information required for all processing in ERP system. ...  View More]]>Confirm that Configurable control settings address the risks of validity, completeness and accuracy of master data and are per management.http://www.checklist20.com/bestpractices.html#cid=172&cn=SAP Inventory Management&tid=451&tn=Confirm that Configurable control settings address the risks of validity, completeness and accuracy of master data and are per management.When control settings are not in line with management intention the process envisioned for inventory management in not implemented and can lead to complete mismatch of strategy and operations. Settings ensure that vendor master data is complete an ...  View More]]>Ensure that Process to handle defective materials is well defined and includes all possible scenarios.http://www.checklist20.com/bestpractices.html#cid=172&cn=SAP Inventory Management&tid=450&tn=Ensure that Process to handle defective materials is well defined and includes all possible scenarios.Defective materials can't be returned as there is no process defined. Defective materials processing take too long and materials deteriorate further.  ...  View More]]>Confirm that Raw material intake process is well defined and as per agreed policyhttp://www.checklist20.com/bestpractices.html#cid=172&cn=SAP Inventory Management&tid=449&tn=Confirm that Raw material intake process is well defined and as per agreed policySystem doesn't process all inventory in time and completely. Some materials have no attached purchase orders. Inventory spoils or becomes unusable due to long processing time. The system has inaccurate inventory levels. ...  View More]]>Verify that process to ensure Inventory is sellable, usable and safeguarded is as per management policyhttp://www.checklist20.com/bestpractices.html#cid=172&cn=SAP Inventory Management&tid=448&tn=Verify that process to ensure Inventory is sellable, usable and safeguarded is as per management policyThe inventory includes defective pieces and can't be sold. The system shows inventory but can't be  located. Customer satisfaction plummets due to delays in order fulfillment due to lack of inventory.  ...  View More]]>Verify that Access to vendor pricing master data is restricted to authorized personnelhttp://www.checklist20.com/bestpractices.html#cid=172&cn=SAP Inventory Management&tid=447&tn=Verify that Access to vendor pricing master data is restricted to authorized personnelWith no restriction on access , security of master pricing data is compromised. When changes are made to this data there may not be any change requests available to match and verify such changes.  ...  View More]]>Validate that access to master data is controlled and secured.http://www.checklist20.com/bestpractices.html#cid=172&cn=SAP Inventory Management&tid=446&tn=Validate that access to master data is controlled and secured.If  Master data related to inventory is not the most current information correct inventory picture will not be presented to all users of this data.. Master data access including update and  delete functionality  needs to be secured ...  View More]]>