Stock in IQC location not considered as AP
How can I setup and restrict the status of stock waiting for inspection (IQC) not to be considered as owned by company?
For example, if stock in IQC, when running AP report, the amount should not be included.
Craig S replied
This would really be more an issue for the inventory people I would think. Ownership of the stock has to do with the type of order used and how you receipt the material. Quality has nothing to do with this. You might try asking them to receive it on consignment. Many companies do this with rail cars. The vendor owns the material while it is sitting in the customers rail yard. Once the vendor test a rail car and stages it for unloading, then they notify the vendor.
Often times this rail yard material is in a special storage location in the plant. The material is received from consignment which is when ownership is taken. The stock is moved to the unloading area via a material transfer (storage location to storage location), which can create the inspection lot. Often time a special material movement is created just for this process.
Another possibility is to use source inspections. This allows you to inspect the material prior to the GR and block receipt of the material if it fails. In this case you would never receipt it and as a result never own it.