hai,
1.How the default cost group is generated in inventory (while we creating a new INV Org and Sub inv)
2. Where does the Inter Org Transfer Charge Reflects (if we give Predefined as 10% )and how it is accounted
3. how can we make our inventory as a consigned inventory ( tell me detailed abount consigned inventory)
thanks in advance
Thiyagu
Inventory Issue
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- Location: India
Consigned Inventory:
Buyers define the items and suppliers for which they have a consignment relationship. Buyers then create purchase orders for consignments for the requisition demand. Goods received against the Purchase order and it is taken into consignment stock where they are actually consumed for usage. As consumption happens, ownership of the material is transferred from the supplier to the Buying organization. A consumption advice document informs the supplier that consigned stock has been consumed by the buying organization. After consigned stock is consumed, suppliers can invoice the buying organization.
Buyers define the items and suppliers for which they have a consignment relationship. Buyers then create purchase orders for consignments for the requisition demand. Goods received against the Purchase order and it is taken into consignment stock where they are actually consumed for usage. As consumption happens, ownership of the material is transferred from the supplier to the Buying organization. A consumption advice document informs the supplier that consigned stock has been consumed by the buying organization. After consigned stock is consumed, suppliers can invoice the buying organization.
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- Posts: 53
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- Location: USA
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