In the vendor consignment process what you have done in GR
Answers were Sorted based on User's Feedback
Answer / muskan
Vendor keeps the stock with us and ownership lies with the
vendor only though stocks are physically at our premises.
Item category – K
Info record mandatory with tax code
Process - Create PO (item category – k, tax code) Price
will be 0 for consignment PO – MIGO (no acc doc only
material doc) – MRKO (settlement)
MT – 411-k- Transfer from consignment stock to own stock.
|Is This Answer Correct ?||22 Yes||1 No|
Answer / ramesh
while recepting the consignment material, if there is any
need of quality inspection then it will be posted for QI..
Then inturn from QI to Consignment Unrestricted is moved,
for this material document will be created...
And finally the settlement is donr with MRKO.
|Is This Answer Correct ?||0 Yes||0 No|
Answer / kris
receive the goods in migo and the goods will be placed in consignment stock without creating a liability to the company.
|Is This Answer Correct ?||2 Yes||3 No|
Answer / navin
First of all
First of all there is no Gr will be held because that is
non valuated stock,who ever consumes the material
transaction will takes place by cost center.The amount will
be settled by credit memo.
|Is This Answer Correct ?||1 Yes||7 No|
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