In the Consignment Process in Consignment Issue (CI)
transaction if the customer has consumed some goods from the
consignment stock how does the company know about this?
Answers were Sorted based on User's Feedback
In the consignment process at first we need to do
consignment fill(CF) up by which the material will be
delivered to the customer place but still these are
property of the company.
SO when the customer confirmed that he has consumed or
supposed to consume then we make the consignment issue(CI)
and then the rest of the material we ll picked up by
COnsignment pickup (CP)
So the variation between Consignment fillup ( CF) and the
Consignment pickup (CP) will be the Consignment Issue (CI).
SO company will bill only the Consignment Issue ( CI)
quatity of the product.
Hence you can't hide anything ..
if Anything else anyone have please suggest me..
Regards
Pitabash
| Is This Answer Correct ? | 10 Yes | 1 No |
Answer / ravi
plese check the stock in MMBE
second option is remining material take back from the
consignee through cp
the difference beteen the cf -cp = ci
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / anantha lakshmanan.m
When consignee makes billing, automatically the invoice has
been routed to our company, and also we have to cross check
the stock of the material MB1C.
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / imran
When an agreement is made with a customer for consignment process, certain conditions are to be met by the concerned parties. One of the item is reporting the stock of the materials (which are lying at the customer site as consignment goods) at regular intervals by the customer to the Company (Vendor).
As you mentioned if the consignee sells the products and inform the company (vendor) after 1year, it is considered as violation of the consignment agreement, which leads to legal proceedings.
Depending on the volume or quantity or value of the products involved in the consignment process, the Vendor (supplier) sends some one to the customer site to check the inventory. This is happening in real scenario.
You may also know that evey product has shelf life also, so if the customer is not able to consume the product it must be returned to the Vendor.
| Is This Answer Correct ? | 0 Yes | 0 No |
After the consignment issue,after some time,the stock
should be taken back from the customer what ever it is
lefted with him.
Then after consignment return and what ever the stock
variation between consignment issue and return will be
billed by the company.
| Is This Answer Correct ? | 2 Yes | 6 No |
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