Basic process flow for WM and putaway process

Hi all,
Can someone explain me the basic process flow in decentralised WM system???
Also what do the foll terms mean in aWM process:
1.Putaway process
2.Putaway label
3.Selling Unit label
4.MIC #

In decentralized Warehouse, normally Inventory is managed in in a seprate application. SAP System  will coordinate with it through IDOCS. For example, Sales Order and Outbound Delivery created in SAP Systems. Delivery is communicated to Decentralized Warehouse using an IDOC. Then Picking happend in the external system.
1.Putaway process:  The process of placing the stocks in the appropriate Bins in a Warehouse. It starts after GR is done for a  Inbound Order
2.Putaway label: Its a label that will beprinted with some basic information like destination bins
3.Selling Unit label: Again label
4.MIC # :  Management of Internal Controls

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