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What are the steps involved in consignment cycle?

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What are the steps involved in consignment cycle?..

Answer / gunda_vk

Create consignment info record with proper tax code,
create Po with item category K,
maintain output condition record for KONS,
process GR,
no invoice verification done,
but settlement is done through MRKO transaction

Is This Answer Correct ?    4 Yes 0 No

What are the steps involved in consignment cycle?..

Answer / cheekati

1.Maintain info-record with consignment info type,here you can maintain the conditions and tax.
2.To request consignment goods from vendor.
3.create p.o with consignment item category.
4.This consignment item is then posted goods directly to consignment stock of the affected vendor during the g.r.
5.The system does not valuate the consignment stock during the g.r
6.If material is with drawl from consignment stock.the with drawls are valuated,the vendor has liabilities for with drawl quantities.
7.Settle with drawl quantities.

Is This Answer Correct ?    3 Yes 1 No

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