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Consignment Process

The document discusses vendor consignment where a vendor provides materials that are stored on the company's premises, with the vendor remaining the legal owner until the company withdraws materials. The invoice is due at set periods, such as monthly. It outlines the necessary configurations including activating consignment prices, accounting settings, message determination, material master and consignment info records, and the process flow of creating a purchase order, goods receipt, material withdrawal, and invoice settlement.

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Rama Moorthy
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0% found this document useful (0 votes)
89 views9 pages

Consignment Process

The document discusses vendor consignment where a vendor provides materials that are stored on the company's premises, with the vendor remaining the legal owner until the company withdraws materials. The invoice is due at set periods, such as monthly. It outlines the necessary configurations including activating consignment prices, accounting settings, message determination, material master and consignment info records, and the process flow of creating a purchase order, goods receipt, material withdrawal, and invoice settlement.

Uploaded by

Rama Moorthy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Vendor Consignment

In Consignment processing, the vendor provides materials and stores them on company’s premises. The vendor
remains the legal owner of the material until company withdrawal materials from the consignment stores. Only then
does the vendor require payment. The invoice is due at set periods of time. For example, Monthly

Configuration and Pre-requisites:

Activate Consignment Prices via Info Records


Path: SPRO – IMG- Materials Management -General Settings for Materials Management - Activate Consignment
Prices via Info Records

Accounting OBYC Settings


Message Determination in LIV
Path: SPRO – IMG- Materials Management -Logistics Invoice Verification -Message Determination -Maintain
Conditions (MRM1)

 Create a Condition record


Material Master data:

Consignment Info record:

 T-code – ME11
 Mandatory to maintain info record

Source List:
 T-code : ME01
Process Flow:

Create Purchase Order


 T-code: ME21N
 Item Category – K
 No conditions will be displayed
Goods Receipt
 T-code: MIGO
 No Accounting entries will be posted

 Stock Overview - MMBE

Material Withdrawal from Vendor Consignment


 T-code: MIGO
 Accounting Postings will be generated
 Stock Overview
Invoice Settlement:
 T-Code: MRKO

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