Hi Team,
As, I am working on Customer Consignment Stock model in IFS for first time.
Humbly request you to please guide how the invoicing will be handled for the Consignment Stock.
Also Suggest if any special set up needs to be done in terms of basic data & posting controls for invoicing.
Note: The scenario is Customer will only be invoiced on consumption of goods.
Thanks,
Rakesh
Best answer by Thomas Peterson
Hi,
The process was pretty easy. The concept is that we ship goods on consignment to a customer. The inventory (shipped to the customer) then shows as consignment at the customer. We have a screen that shows the records. Then in that same screen, you later report what had been consumed. You then create a customer order invoice just like normal, the only difference is that the order line is essentially blocked from invoice until the quantity is consumed.
No “special” posting control configuration is required.
If you have a specific question, I can retest if needed.
Best regards,
Thomas
+9Did you get an answer to this?
Hi,
The process was pretty easy. The concept is that we ship goods on consignment to a customer. The inventory (shipped to the customer) then shows as consignment at the customer. We have a screen that shows the records. Then in that same screen, you later report what had been consumed. You then create a customer order invoice just like normal, the only difference is that the order line is essentially blocked from invoice until the quantity is consumed.
No “special” posting control configuration is required.
If you have a specific question, I can retest if needed.
Best regards,
Thomas
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.
