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What is meant by consignment stock?

Answers were Sorted based on User's Feedback



What is meant by consignment stock?..

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

Is This Answer Correct ?    39 Yes 6 No

What is meant by consignment stock?..

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).

Is This Answer Correct ?    14 Yes 1 No

What is meant by consignment stock?..

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.

Is This Answer Correct ?    20 Yes 8 No

What is meant by consignment stock?..

Answer / surya

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

Is This Answer Correct ?    14 Yes 4 No

What is meant by consignment stock?..

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.

Is This Answer Correct ?    10 Yes 1 No

What is meant by consignment stock?..

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.

Is This Answer Correct ?    8 Yes 0 No

What is meant by consignment stock?..

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

Is This Answer Correct ?    3 Yes 1 No

What is meant by consignment stock?..

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.

Is This Answer Correct ?    1 Yes 0 No

What is meant by consignment stock?..

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

Is This Answer Correct ?    1 Yes 0 No

What is meant by consignment stock?..

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

Is This Answer Correct ?    0 Yes 0 No

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