What is spoilage in SAP (IS-R - SAP for Retail)?

SAP Term: spoilage

• Component: IS-R

• Component Name: SAP for Retail

• Description: Retail Goods such as fresh produce that are no longer suitable for sale because they have been stored wrongly or for too long a period.

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• Key Concepts: 
  Spoilage is a term used in SAP for Retail to refer to the loss of goods due to damage, theft, or other causes. It is a type of inventory shrinkage that can occur in any retail business. Spoilage can be tracked and monitored in SAP for Retail using the Inventory Shrinkage Report. 
  
  How to use it: 
  In SAP for Retail, spoilage can be tracked and monitored using the Inventory Shrinkage Report. This report provides an overview of the amount of inventory that has been lost due to spoilage. The report can be used to identify areas where spoilage is occurring and take corrective action to reduce it. 
  
  Tips & Tricks: 
  It is important to regularly monitor the Inventory Shrinkage Report in order to identify areas where spoilage is occurring and take corrective action. Additionally, it is important to ensure that all inventory is properly stored and handled in order to reduce the risk of spoilage. 
  
  Related Information: 
  For more information on SAP for Retail, please visit the SAP website at https://www.sap.com/products/retail.html. Additionally, for more information on inventory shrinkage and spoilage, please visit the following website: https://www.thebalancesmb.com/inventory-shrinkage-and-spoilage-2890502