Managing inventory without inventory management

HI Guys,
I have following questions
How do we mange stock in inventory if we have just purchasing and no inventory  management.....
when do we create new account assignment cateogry
Please kindly help...

How do we mange stock in inventory
if we have just purchasing and no inventory  management..
Above statement is contradictory;
Anyway purchasing with no inventory management,
Create P.O with account assignment - 'K'. While doing GR stock is consumed / expensed out.

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