Prev
Next
Forums Lawson S3 Supply Chain

Consignment Inventroy

Sort:
You are not authorized to post a reply.
Author
Messages
Jeff N
Advanced Member
Posts: 32
Advanced Member
1/14/2015 8:49 PM

    I am looking for any ideas on initial consignment inventory PO's, typically for zero dollars. Here are my thoughts...

    I set up a consignment agreement, all items to be inventored will be cataloged. Set up IC12 as consignment. (Does IC11's consignment flag need set too? Is this more of a global setting?)

    Issue a zero dollar PO to vendor to bring the product in.

    Now, if I run a valuation report won't it show no value since the PO is zero? This would be incorrect since the inventory definitly has value, it's just we havn't paid for it yet.

    Thanks,

    Jeff

    JonA
    Veteran Member
    Posts: 1162
    Veteran Member
    1/15/2015 1:04 PM
      I would just make the IC12 consignment flag Y and leave IC11 alone. Are you saying you want the consignment inventory to have no value? Also, when you receive the inventory at Cost Option 2 (no charge), the lines close and the receipts are archived leaving no lines to be matched when the invoice is processed. Initial consignment inventory is typically loaded using IC20.
      Jon Athey - Sr. Supply Chain Analyst - Materials Management - MyMichigan Health
      You are not authorized to post a reply.