Return Consignment Stock

[Former Member]

Dear Gurus,

Can anyone explain me the stock status after the Consignment Return happens. For example : Company A is doing the Consignment Fill up of 100 nos to Customer B and Consingment Issue happend for 50 nos where as Customer B returned 10 nos as damaged. Now can anyone tell me how the stock status will be and also how the company will know the stock is damaged in case they want to raise delivery immediately for the same customer.

Regds

Jeevagan

[Lakshmipathi · Accepted solution]

Consignment fillup happens for 100 nos. which means, still it is treated as a special stock under the companyA.

Through consignment issue, commercial sale was made for 50 nos to CustomerB, which means, now the special stock available is 50 nos.

CustomerB returned 10 nos. which means, you are taking back the 10 nos. to your parent plant and the available stock with the customer is 40 nos.

how the company will know the stock is damaged

Against the consignment return, you have to do a return delivery by which, the stock should be posted to QI for inspection. Based on their indication, delivering plant will act accordingly.

thanks

G.Lakshmipathi

ps:- So far you have posted 11 questions out of which, 9 are still open and invariably, in many threads, once you post the question, you have not updated further. Please develop the habit of updating the forum as to which suggestion helped you or you need still further clarification. By this way, you can show you respect the forum members time.

[Former Member · Accepted solution]

Dear Lakshmi,

Do you meant to say that 10 numbers will be showing in QI (Quality) and the balance of 50 nos under the Consignment stock in Company A.

Regds

Jeevagan.U

[Lakshmipathi · Accepted solution]

Yes you are correct

thanks

G. Lakshmipathi