Customer Owned Stock

@Tbandara what’s your purpose of holding customer owned stock? 

Normally customer owned stock is externally-owned stock that is supplied by a customer  with the intent that the material will be transformed (maintained, repaired, overhauled, or used as a component) and eventually returned to the customer.

Accounting transactions are not created for the inventory transactions because the parts are considered to have zero inventory value to the site company.

@EnzoFerrari It’s like keeping stock of a customer for storing until they collect it back. Inventory need to be tracked as customer own 

@Tbandara how did you receive them to the inventory? Did you do an ownership transfer in IFS from company owned to customer owned? 

@EnzoFerrari From Purchase order, for zero value. In Supplier for purchase part ownership is Customer owned.

@Tbandara if you used Order Code 6 (External Service Order) in the PO, it should create a CO in IFS to deliver the parts to the customer. 

See the help text. However it is aimed for the purposes I described above (repair, etc) only. Read more about ‘External repair Orders’ here: https://docs.ifs.com/ifsclouddocs/

Did the suggestion help you @Tbandara ?

@EnzoFerrari @Vimukthi Mahakumbura Hi, Thank You for the insight. I issued the stock using the Customer order.