What are the steps involved in consignment cycle?




Answers were Sorted based on User's Feedback



What are the steps involved in consignment cycle?..

Answer / rams

hello friend,your answer is correct,but iam adding some
words.
Consignment Info Record create with material and vendor.
Consignment Purchase Order (create with item catagery k)
Goods Receipt with movement type 101K
Consignment Stock to Own Stock,Transfer posting with
movement type 411 k
Goods Issue to direct consuption 201K
settlement through--mrko

Is This Answer Correct ?    106 Yes 0 No

What are the steps involved in consignment cycle?..

Answer / udupianilshetty

Consignment Info Record
Consignment Purchase Order
Goods Receipt with movement type 101K
Consignment Stock to Own Stock,Transfer posting with
movement type 411
Goods Issue to direct consuption 201K

Is This Answer Correct ?    30 Yes 2 No

What are the steps involved in consignment cycle?..

Answer / manpreet singh

Consignment is the act of consigning, which is placing a person or thing in the hand of another, but retaining ownership until the goods are sold or person is transferred. This may be done for shipping, transfer of prisoners, or for sale in a store (i.e. a consignment shop).

the material is at customers place and customer use it in portions and pays accordingly,liability of material is with vendor till

like in case of pertochem , it is been stored at refinering company premises adn the ref comp use it in portions and pays accordingly aslo the ref company get paid for the premises place

Features of consignment are:

1.The relation between the two parties is that of consignor and consignee and not that of buyer and seller
2.The consignor is entitled to receive all the expenses in connection with consignment
3.The consignee is not responsible for damage of goods during transport or any other procedure.
4.Goods are sold at the risk of consignor. The profit or loss belongs to consignor only.

in SAP consignment scenario is as follows

Consignment Info Record create with material and vendor.
Consignment Purchase Order (create with item catagery k)
Goods Receipt with movement type 101K
Consignment Stock to Own Stock,Transfer posting with
Movement type 411 k
Goods Issue to direct consuption 201K
Settlement throughu2014mrko

or Follow below links for more clear help.
Consignment scenario in SAP:

Is This Answer Correct ?    18 Yes 0 No




What are the steps involved in consignment cycle?..

Answer / snidagundi3@gmail.com

Consignment cycle

Create consignment info record - ME11
Create PO with item category K - ME21N
GR 101 - MIGO - No accounting document generated
consignment to Own - MB1B with movement type 411K - Accounting Doc generated
Goods issue to production - 201 K or 261 K
Settlement - MRKO

Is This Answer Correct ?    3 Yes 0 No

What are the steps involved in consignment cycle?..

Answer / rajesh

Consignment Info Record
Consignment for pr
consignment for po wrt pr
gr w r t consignment po
transfor posting for vendor Consignment stock to our own
stock
good issue from vendor Consignment stock to production or
costcenter

Is This Answer Correct ?    1 Yes 0 No

What are the steps involved in consignment cycle?..

Answer / sandeep kajal

you can learn free sap mm on android mobile in most easy way with step by step snapshot
click here to download app https://bit.ly/2JRfOlx
Content of SAP MM app
1. Basic sap mm tutorial
2. Important sap mm t_codes
3. Sap mm tables with fields
4. Important keyboard shortcuts
5. Interview q/a
6. Movement type list
7. Submit your issue
click here to download app https://bit.ly/2JRfOlx

Is This Answer Correct ?    0 Yes 0 No

What are the steps involved in consignment cycle?..

Answer / shaba

I JUST CORRCET ONT POINT:GR WITH 101 ,NOT 101K

Is This Answer Correct ?    6 Yes 7 No

What are the steps involved in consignment cycle?..

Answer / nagendra

1.Create Consignment info record.
2.create PO with item category K
3.create Goods Receipts with 101 k
4. Convert the stock to our own stock 411
5. Make a payment with MRKO

Is This Answer Correct ?    0 Yes 2 No

What are the steps involved in consignment cycle?..

Answer / nagendra234

Hi
Stock is in Customer premises whenever ```
1) First we need to create consignment info record using T-CODE= ME11 maintain price,quantity and tolerance for particular vendor and material.
2)create PR/PO with item category 'K'
3)Do goods receipt with 101 k
4) Convert the stock into our own stock 411 or goods issue with 201
5)Make a payment with MRKO

Is This Answer Correct ?    0 Yes 2 No

Post New Answer



More SAP MM (Material Management) Interview Questions

What is meant by a credit memo?

6 Answers  


What are the different types of forecast model?

0 Answers  


What do you mean by a reservation?

0 Answers  


Explain why we use document types in sap?

0 Answers  


how many levels in sap ?what are they?

0 Answers  






Looking for SAP MM real-time project in bangalore call @ 9591232001????????

1 Answers  


what r da topics that an enduser will get traind during implementation for SAP mm

2 Answers  


How is a shelf-life item managed in SAP? What is the full cycle?

3 Answers  


How does this impact a business-end user?

0 Answers  


What all different type of master available in MM Module?

6 Answers   Accenture, GPIL,


What are the features of sap erp?

0 Answers  


How is the pricing of consignment stocks done?

0 Answers  






Categories
  • SAP Basis Interview Questions SAP Basis (1260)
  • SAP ABAP Interview Questions SAP ABAP (3816)
  • SAPScript Interview Questions SAPScript (236)
  • SAP SD (Sales & Distribution) Interview Questions SAP SD (Sales & Distribution) (2682)
  • SAP MM (Material Management) Interview Questions SAP MM (Material Management) (901)
  • SAP QM (Quality Management) Interview Questions SAP QM (Quality Management) (99)
  • SAP PP (Production Planning) Interview Questions SAP PP (Production Planning) (523)
  • SAP PM (Plant Maintenance) Interview Questions SAP PM (Plant Maintenance) (252)
  • SAP PS (Project Systems) Interview Questions SAP PS (Project Systems) (138)
  • SAP FI-CO (Financial Accounting & Controlling) Interview Questions SAP FI-CO (Financial Accounting & Controlling) (2750)
  • SAP HR (Human Resource Management) Interview Questions SAP HR (Human Resource Management) (1142)
  • SAP CRM (Customer Relationship Management) Interview Questions SAP CRM (Customer Relationship Management) (405)
  • SAP SRM (Supplier Relationship Management) Interview Questions SAP SRM (Supplier Relationship Management) (132)
  • SAP APO (Advanced Planner Optimizer) Interview Questions SAP APO (Advanced Planner Optimizer) (90)
  • SAP BW (Business Warehouse) Interview Questions SAP BW (Business Warehouse) (879)
  • SAP Business Workflow Interview Questions SAP Business Workflow (72)
  • SAP Security Interview Questions SAP Security (592)
  • SAP Interfaces Interview Questions SAP Interfaces (74)
  • SAP Netweaver Interview Questions SAP Netweaver (282)
  • SAP ALE IDocs Interview Questions SAP ALE IDocs (162)
  • SAP Business One Interview Questions SAP Business One (110)
  • SAP BO BOBJ (Business Objects) Interview Questions SAP BO BOBJ (Business Objects) (388)
  • SAP CPS (Central Process Scheduling) Interview Questions SAP CPS (Central Process Scheduling) (14)
  • SAP GTS (Global Trade Services) Interview Questions SAP GTS (Global Trade Services) (21)
  • SAP Hybris Interview Questions SAP Hybris (132)
  • SAP HANA Interview Questions SAP HANA (691)
  • SAP PI (Process Integration) Interview Questions SAP PI (Process Integration) (113)
  • SAP PO (Process Orchestration) Interview Questions SAP PO (Process Orchestration) (0)
  • SAP BI (Business Intelligence) Interview Questions SAP BI (Business Intelligence) (174)
  • SAP BPC (Business Planning and Consolidation) Interview Questions SAP BPC (Business Planning and Consolidation) (38)
  • SAP BODS (Business Objects Data Services) Interview Questions SAP BODS (Business Objects Data Services) (49)
  • SAP BODI (Business Objects Data Integrator) Interview Questions SAP BODI (Business Objects Data Integrator) (0)
  • SAP Ariba Interview Questions SAP Ariba (8)
  • SAP Fiori Interview Questions SAP Fiori (45)
  • SAP EWM (Extended Warehouse Management) Interview Questions SAP EWM (Extended Warehouse Management) (58)
  • Sap R/3 Interview Questions Sap R/3 (144)
  • SAP FSCM Financial Supply Chain Management Interview Questions SAP FSCM Financial Supply Chain Management (101)
  • SAP WM (Warehouse Management) Interview Questions SAP WM (Warehouse Management) (31)
  • SAP GRC (Governance Risk and Compliance) Interview Questions SAP GRC (Governance Risk and Compliance) (63)
  • SAP MDM (Master Data Management) Interview Questions SAP MDM (Master Data Management) (0)
  • SAP MRS (Multi Resource Scheduling) Interview Questions SAP MRS (Multi Resource Scheduling) (0)
  • SAP ESS MSS (Employee Manager Self Service) Interview Questions SAP ESS MSS (Employee Manager Self Service) (13)
  • SAP CS (Customer Service) Interview Questions SAP CS (Customer Service) (0)
  • SAP TRM (Treasury and Risk Management) Interview Questions SAP TRM (Treasury and Risk Management) (0)
  • SAP Web Dynpro ABAP Interview Questions SAP Web Dynpro ABAP (198)
  • SAP IBP (Integrated Business Planning) Interview Questions SAP IBP (Integrated Business Planning) (0)
  • SAP OO-ABAP (Object Oriented ABAP) Interview Questions SAP OO-ABAP (Object Oriented ABAP) (70)
  • SAP S/4 HANA Finance (Simple Finance) Interview Questions SAP S/4 HANA Finance (Simple Finance) (141)
  • SAP FS-CD (Collections and Disbursements) Interview Questions SAP FS-CD (Collections and Disbursements) (0)
  • SAP PLM (Product Lifecycle Management) Interview Questions SAP PLM (Product Lifecycle Management) (0)
  • SAP SuccessFactors Interview Questions SAP SuccessFactors (33)
  • SAP Vistex Interview Questions SAP Vistex (0)
  • SAP ISR (IS Retail) Interview Questions SAP ISR (IS Retail) (28)
  • SAP IdM (Identity Management) Interview Questions SAP IdM (Identity Management) (0)
  • SAP IM (Investment Management) Interview Questions SAP IM (Investment Management) (0)
  • SAP UI5 Interview Questions SAP UI5 (59)
  • SAP SCM (Supply Chain Management) Interview Questions SAP SCM (Supply Chain Management) (51)
  • SAP XI (Exchange Infrastructure) Interview Questions SAP XI (Exchange Infrastructure) (49)
  • SAP Cloud Platform Interview Questions SAP Cloud Platform (34)
  • SAP Testing Interview Questions SAP Testing (89)
  • SAP SolMan (Solution Manager) Interview Questions SAP SolMan (Solution Manager) (63)
  • SAP MaxDB Interview Questions SAP MaxDB (90)
  • SAP GUI Interview Questions SAP GUI (15)
  • SAP AllOther Interview Questions SAP AllOther (250)