Answer / udupianilshetty

Vendors Stock at our Premises or our custody
At the time of Goods Receipts,stock is updated but stock
value is not updated.
vendor liability is not generated
At the time of goods issue,accounting document is generated

Answer / niveditha.kulkarni

Consignment stock is a stock which may be raw material, semi
finished goods or finished goods that is in the possession
of the customer, but is still owned by the supplier (Vendor).

Answer / ratnakar reddy k

To say in very short,
Consignment stock is a special stock which will be
considered as a companies property,the ownership will be
same even the stock is placed at customers place with the
help of the consignment stock process like consignment fill-
up.
Once this type of stock is issed only (Consignment Issue)
the ownership will be changed from company/Vendor to the
customer.

Answer / surya

consignment is a form of bussiness were business maintain
stock at customet site

Answer / pralhad kumbar

The Consignment stock is a stock that is supplied by the
vendor is in the companies premises with the company having
no liability for the same. The liability for the company
will only be affected when the goods are issued from the
consignment stock for use.

Answer / lakshmi potukuchi

Consignment stock is :- stock held by one party
(the "dealer") but legally owned by another
(the "manufacturer") on terms that give the dealer the
right to sell the stock in the normal course of its
business, and unsold stock will be returned to the legal
owner as per their agreement.

Answer / rajesh

in this process vendor will keep executes in our plant
premisses and immediately there is noinvoice from vendor
and there is no immediate payment to the vendor, when ever
material is requre we tell withdrawl from vendor
consignment stock to our production to any other interval
consignment propose for these with drawl quentaty to settle
to the vendor

Answer / javidhkhan

In consignment material is available at organization store premises ,however it still belongs to vendor of the material.
If u utilize the material from consignment stock u have to pay to the vendor

Answer / amit kumar batu

In this process Vendor keeps his materials in plant premises,immediate no invoice and no payment is occurred,Whenever materials are required. Company withdrawal the required quantity of materials from that stock and finally settle the liability against that withdrawals quantity.

Do the Vendor Settlement in T.code - MRKO.

Answer / amit kumar batu

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 invoice is due at set periods of time

What is GR blocked stock? When it can be used?

2 Answers  

Explain why we use document types in sap?

1 Answers  

Explain lot sizing

0 Answers  

What is the function obyc?

2 Answers  

Suppose you are doing business with one of your own sister concern. You are purchasing certain material and you want to post invoices directly to po (without gr). Which facility in sap mm will you use to map such process.

0 Answers  

What is the difference between BSX and BSA

7 Answers   Accenture, Wipro,

how a support individual will receive Tickets/issues from client

4 Answers  

What can be triggered by a GR?

1 Answers   Cap Gemini,

WHAT ARE STEPS FOR CREATING MIGO.

2 Answers   UltraTech,

Dear Sir I have one query regarding subcontracting Our firm provides blank paper to one vendor for printing work and takes it back after printing. The vendor is not sending the printed paper in a single slot, he send it in part by part. For example we send the blank paper 1000Kg for printing paper. Subcontracting vendor send it back after printing in the slot of 400 kg, 300kg and 250kg…..he tells us that remaining 50kg is wasted during printing and cutting process. We are not taking back the scarp material…we come to know finally about the qty wastage after the last qty receive and respective invoice made. So pls guide me to map this scenario in SAP. In our firm both the printed paper and blank paper lies in Raw material and raw material is non- valuated in our firm. I also tried it from my side. I created one Bom (cs01) Then I create the subcontracting Po putting the material and component provide. With cost centre and g/l account. (me21n) Then I provide the component to vendor (MB1B with mvt type – 541) Then I do the GRN for 400 and 300 and respective Invoice verification But at the time of final invoice and GRN we came to know that the qty is reduced. If we do GRN for 250kg, then the PO is still open for 50kg..And we are not taking back this 50Kg as it’s wasted during printing and cutting operations. Pls guide me map this scenario.

5 Answers  

sir can anybody suggest me any consultant working in any organization if he ready to give traing i am interested i dont want any payment ?

1 Answers   Bollineni Castings Steel,

Why is batch record important?

0 Answers