Procurement for Stock
A stock material is a material that is procured not for immediate consumption but for keeping it in inventory/warehouse. Whenever it will be required, it can be taken out from warehouse. Actually the purpose of this procurement is either not known or can be used for many purposes.
Procurement for Direct Consumption
When procurement is for direct consumption, the user must specify the consumption purpose by entering an account assignment (for example, a cost center).
To order a material for consumption, the material ‘may’ have a master record in the system.