In the vendor consignment process what you have done in GR Process

In the vendor consignment process what you have done in GR
Process

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In the vendor consignment process what you have done in GR Process..

Answer / muskan

Vendor keeps the stock with us and ownership lies with the
vendor only though stocks are physically at our premises.
Prerequisites:
Item category – K
Info record mandatory with tax code

Process - Create PO (item category – k, tax code) Price
will be 0 for consignment PO – MIGO (no acc doc only
material doc) – MRKO (settlement)
MT – 411-k- Transfer from consignment stock to own stock.

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In the vendor consignment process what you have done in GR Process..

Answer / ramesh

while recepting the consignment material, if there is any
need of quality inspection then it will be posted for QI..
Then inturn from QI to Consignment Unrestricted is moved,
for this material document will be created...
And finally the settlement is donr with MRKO.

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In the vendor consignment process what you have done in GR Process..

Answer / kris

receive the goods in migo and the goods will be placed in consignment stock without creating a liability to the company.

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3 No

In the vendor consignment process what you have done in GR Process..

Answer / navin

First of all

First of all there is no Gr will be held because that is
non valuated stock,who ever consumes the material
transaction will takes place by cost center.The amount will
be settled by credit memo.

Is This Answer Correct ?

1 Yes

8 No

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