MRL3 - LIFO Lowest Value Comparison

SAP Transaction Code - Details

• Transaction Code: MRL3

  Description: LIFO Lowest Value Comparison

  Release: S/4HANA and ECC 6

  Menu Path:

  • Logistics > Materials Management > Valuation > Balance Sheet Valuation > LIFO Valuation > Perform check > Comparison of Lowest Values
  • Information Systems > General Report Selection > Materials Management > Value Assignment > LIFO Valuation > Comparison of Lowest Values

• • Program: RMLIFO06

    Screen: 1000

    Authorization Object:

  • Development Package: MRY

    Package Description: Balance Sheet Valuation

    Parent Package: APPL

  • Module/Component: MM-IM-VP

    Description: Balance Sheet Valuation Procedures

Smart SAP Assistant

• SAP Tcode: MRL3 - LIFO Lowest Value Comparison

  
  Overview:
  MRL3 is a SAP transaction code used to compare the lowest value of a material in the inventory with the lowest value of the same material in the warehouse. This comparison is done using the Last In First Out (LIFO) method. The purpose of this comparison is to ensure that the inventory is accurately valued and that any discrepancies are identified and addressed. 
  
  Functionality: 
  The MRL3 transaction code allows users to compare the lowest value of a material in the inventory with the lowest value of the same material in the warehouse. This comparison is done using the Last In First Out (LIFO) method. The LIFO method is used to determine which materials are most recently added to the inventory and which materials are oldest. This comparison helps to ensure that the inventory is accurately valued and that any discrepancies are identified and addressed. 
  
  Step-by-step How to Use: 
  1. Enter transaction code MRL3 in the SAP command field. 
  2. Select “Compare Lowest Value” from the menu options. 
  3. Enter the material number for which you want to compare values. 
  4. Select “Execute” to run the comparison. 
  5. Review the results of the comparison and take any necessary action based on any discrepancies found. 
  
  Other Recommendations: 
  It is recommended that users regularly run this comparison to ensure that their inventory is accurately valued and that any discrepancies are identified and addressed in a timely manner. Additionally, users should be aware that this comparison only works for materials stored in warehouses, not for materials stored in other locations such as plants or vendors.