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  • CONSIGNMENT

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    muralimohanrao rojukurthi
    24 views14 pages
    - Consignment procurement involves a vendor storing goods at the purchaser's location, with ownership remaining with the vendor until the purchaser removes goods from the consignment stock. - The purchaser creates a purchase info record and purchase order with item category K for consignment. A goods receipt is done to receive the stock at the vendor's consignment storage location with no accounting entries. - When the purchaser transfers goods from the consignment stock to their own stock area, an accounting document is generated. An invoicing condition record is also created. Finally, a price settlement document settles the payment for the removed consignment stock.

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    SAP SD CONSIGNMENT PROCESS

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    - Consignment procurement involves a vendor storing goods at the purchaser's location, with ownership remaining with the vendor until the purchaser removes goods from the consignment stock. - The purchaser creates a purchase info record and purchase order with item category K for consignment. A goods receipt is done to receive the stock at the vendor's consignment storage location with no accounting entries. - When the purchaser transfers goods from the consignment stock to their own stock area, an accounting document is generated. An invoicing condition record is also created. Finally, a price settlement document settles the payment for the removed consignment stock.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    24 views14 pages

    CONSIGNMENT

    Uploaded by

    muralimohanrao rojukurthi
    - Consignment procurement involves a vendor storing goods at the purchaser's location, with ownership remaining with the vendor until the purchaser removes goods from the consignment stock. - The purchaser creates a purchase info record and purchase order with item category K for consignment. A goods receipt is done to receive the stock at the vendor's consignment storage location with no accounting entries. - When the purchaser transfers goods from the consignment stock to their own stock area, an accounting document is generated. An invoicing condition record is also created. Finally, a price settlement document settles the payment for the removed consignment stock.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 14

    Consignment

    PROCESS
    Consignment Procurement Process:
    • It is a procurement process in which purchaser asks vendor to send a required quantity of goods.& store it in plant’s premise.
    • This stock is called Consignment stock whose ownership belongs to Vendor.
    • Purchaser as per its requirement consumes or transfers stock to its storage location(it may be in full or in small-small qnty.)
    • Purchaser is obliged to pay for these goods when they remove them from consignment stock.
    Consignment PO:
    Sloc-1001
    Material-Coal
    Qty-1000 Kg
    Stock Owner-Plant
    Plant-J101
    Note:Here invoice verification is not done. Vendor
    Own Stock area Only payment is settled whenever stock removed from consignment stock
    TP-
    411K Stock Owner-Vendor
    Sloc-1002 Vendor sends Coal-1000kg
    GR-101K

    Consignment Stock area

    Movement Accounting
    No Steps T-Code Remarks
    Type Entries
    1 Create Purchase Info Record(With Info Cat-Consignment) ME11 PIR is mandatory to maintain to mainatin price & tax code
    2 Create Purchase Order with Item cat-K ME21N Price isnt maintained here(No condition & invoice tab here)
    3 Create Goods receipt to receive stock from vendor at vendor consignment stock MIGO(Goods Receipt) 101K No
    4 Stock check at storage location for Vendor consignment stock MMBE
    5 Transfer the goods from consignment stock to own stock MIGO(Transfer Posting) 411K Yes
    6 Maintain invoicing condition record(Condition type-KONS) MRM1
    Only Accounting doc no. is generated.No invoice doc no
    7 Price settlement MRKO Yes
    generated.No update in Purchase order history tab in PO
    Step-1:Create Purchase Info Record using
    Info category-Consignment

    To execute price settlement-MRKO


    Step-2:Create Purchase Order using Item Net Price greyed out
    Cat-K No condition tab & invoice tab
    Step-3:Create Goods receipt to receive stock
    from vendor at vendor consignment stock
    No Accounting doc created after
    consignment stock Goods Receipt
    Stock check after Transfer Posting

    After Creating PO

    After Doing Goods Receipt of Consignment stock


    Step-5:Transfer the goods from consignment
    stock to own stock-411K

    Note:We can
    consume directly from
    consignment stock
    against cost center
    Movement type-201K
    No Accounting doc created after
    consignment stock Goods Receipt

    ❑ For Consignment stock consumption against cost center, Accounting entries:


    KON-Credited
    GBB-Debited
    Step-4:Stock check at storage location for
    Vendor consignment stock
    After Doing Goods Receipt of Consignment stock

    After Transfer posting to own stock


    Step-6:Maintain invoicing condition
    record(Condition type-KONS)
    Step-7:Price Settlement
    Material Doc no. after Transfer Posting(411K) Accounting Doc no after MRKO
    Purchase Order History

    ❑ Here no invoice doc no in Purchase order history as MRKO isn’t done with
    respect to PO.
    Goods Receipt Transfer Posting
    Material Vendor PIR PO No
    GR Doc No Acc Doc No Transfer Posting Doc No Acc Doc No
    COALGRADE_ 5700000030 J100
    Anster 4500022720 150 NIL 6000000552 5900000010
    1 K
    END

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