Item valuation group by site

The item valuation group is an important element in the integration between financials and logistics to post amounts to the correct (inventory) account. The item valuation group is the logical entity for reconciling the inventory in logistics with the financial stock accounts. Additionally, the (logistic) role of an item can vary per site. For example, in site A the item can be a (purchased) component and in site B it can be an end product.

Previously, the item valuation group could be maintained only at the company (global) level in the Item - Warehousing session. The group was defaulted to the Item - Warehousing by Site (whwmd4604m000) session, but could not be modified in this session.

If the Use Global Item check box is cleared, the Item Valuation Group field can now be maintained in the Item - Warehousing by Site (whwmd4604m000) session. If the Sites concept is implemented, the valuation group of an item is now retrieved at this level.