Physically counting and recording of the actual stock levels of a given material in a given storage location at a specific time.
A physical inventory comprises items of the same stock type. Each item indicates the quantity counted for a material of that stock type in the storage location.
If the material stocks are managed in a storage bin, the physical inventory is carried for the storage bin rather than for the storage location.
The business object physical inventory is the physical counting of 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.
Alias: warehouse physical inventory