Hi Chris Carlson 

Last receipt indicated the most recent date (allocation date) when the stock line has been entered into stock (Field LASRCPDAT in STOCK table). This can be any receipt: misc, supplier, work order, customer return, etc.

I don't see any benefit for this info.

If you seek the last receipt date for a specific lot / serial number / product-site, you would use the table STOLOTFCY (Field LASRCPDAT ) / STOSER (Field RCPDAT) / ITMMVT (Field LASRCPDAT). But I don't see the benefit for a stock line containing no identifier.

I hope this input answers your question.