Focusing on sustainability and the circular economy has become increasingly important for modern businesses to thrive. Consumer demand, cost savings, regulatory requirements, and building a sustainable brand image have all necessitated sustainability within global supply chains.
With the growing momentum of the circular economy and sustainability in businesses, it is crucial to establish a robust system that offers comprehensive stock visibility across all sites and business partners. Insufficient stock visibility can result in several challenges, including increased operating costs and production downtime. Therefore, a sound system is imperative to mitigate such risks and ensure operational efficiency.
SAP Returnable Packaging Management is an SAP’s supply chain offering that manages the tracking and management of returnable packaging materials, such as containers, pallets, crates, etc., In our previous blogs on SAP Returnable Packaging Management, we discussed the solution and how it can help businesses facilitate circular logistics for the more sustainable supply chain management.
The SAP RPM Returnable Stock Overview is a key feature of the SAP Returnable Packaging Management module, providing valuable insights into the inventory levels and movements of returnable packaging materials.
With SAP Returnable Packaging Management (RPM) Returnable Stock Overview functionality, businesses can view a list of the returnable packing components and information about their status, such as Full and Empty. This functionality aids in analyzing the plant stock, customer balance, and vendor balance related to the returnable packing account. By refreshing planning data, businesses can retrieve stock value from the ERP system for returnable packaging material.
Learn about SAP Return Packaging Management Rental Reports
The main challenges that SAP RPM Stock Overview addresses can be listed as follows:
The key features of Returnable Stock Overview include the following:
With these key features, any business can analyze the plant stock, the customer balance, and vendor balance and optimize the process of returnable packaging more profitably and efficiently.
1. Improved Visibility: Users can easily track the inventory levels and movements of returnable packaging materials across multiple locations, providing better visibility and control over the assets. This eventually reduces losses and improves asset utilization and cost savings.
2. Efficient Planning: With real-time data on the availability of returnable packaging materials, users can efficiently plan their packaging and transportation needs. This helps avoid delays and optimize resource utilization, leading to improved productivity.
3. Enhanced Traceability: Users can leverage detailed information on the history of each returnable packaging item, including its origin, destination, and usage, to improve traceability and compliance with regulations and standards.
4. Better Collaboration: By providing a centralized view of returnable packaging inventory levels and movements, the SAP RPM Returnable Stock Overview facilitates collaboration between departments and partners in the supply chain. This can improve communication and coordination, leading to better outcomes for all stakeholders.
With sustainability and the circular economy becoming increasingly important for modern businesses, the need for robust stock visibility systems like SAP RPM is more pressing than ever. At ArchLynk, we recognize the importance of sustainable practices in the supply chain and have developed domain expertise in SAP RPM to help businesses achieve their goals. We guide our customers with implementing, customizing, and maintaining SAP RPM and provide training and support to ensure optimal performance. With our expertise, businesses can gain a competitive advantage by adopting sustainable practices and realizing the benefits of the circular economy. Speak to an Expert to know more.