Working with the Consignment Stock Component
In consignment processing, the vendor provides materials and stores them on your premises. The vendor remains the legal owner of the material until you withdraw materials from the consignment stores. Only then does the vendor require payment.
The consignment invoice is due at set periods of time, for example, monthly. In addition, you can also arrange with the vendor that you take over ownership of the remaining consignment material after a certain amount of time. Such a stock, provided by the vendor and stored on your premises is called consignment stock.
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The consignment stock is managed under the same number as your own stock. Consignment stock can, therefore, be transferred to the available stock.
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You can determine period-specific consignment prices.
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You can specify the consignment price in any unit of measure. The conversion factor is stored in the info record.
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Using consignment info records, you can use other condition functions used in purchasing, such as discounts and price/quantity scales.
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A consignment material can be allocated to one of three stock types:
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Unrestricted use stock
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Quality inspection stock
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Blocked stock
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Consignment Stock supports only goods receipts from a purchase order and goods issue for a consignment fill up.