Hi,
Process:
Before you can order a material from a vendor or post a goods receipt to consignment stock, you must maintain the consignment price for the vendor in an info record. The price is required for material valuation and accounting purposes.
If you order consignment material from several vendors, the system maintains the consignment stock separately for each vendor, since the individual quantities of the material can have different prices with each vendor.
You can order goods from external vendors as vendor consignment goods. You carry the goods in the vendor consignment stock in your site and therefore they remain the property of the external vendor (special stock manager) and do not belong to your valuated stock.also they are not considered for your MRP planning.
This contains the following main functions:
· You can order goods from an external vendor as consignment goods by setting the Consignment item category manually in the purchase order.
· You can transfer goods in the consignment stock of your site to other sites. To do this, you post goods manually from the consignment stock to your own stock. This creates a legally binding contract with the external vendor.
Settlement of the withdrawal is done regularly at an agreed time for eg. quarterly,half yearly...
Activities in Materials Management:
Activity: Display Consignment Stocks/ Settle Consignment/Pipeline Liabilities
Transaction Code: MB54 / MRKO Respectively...
Hope it helps you clear the basics of consignment...
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.