Consignment Material

system · October 22, 2007, 1:02pm

So you still have to make a dummy invoice. Is there anyway to get around making a dummy invoice?

-----Original Message-----
From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com]On Behalf Of Manasa Reddy
Sent: Friday, October 19, 2007 9:26 AM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Consignment Material

Jasper, we do this to some of our vendors...we will material from them
but have it sent somewhere else to be built (customer site or another
vendor).

What we do is ask our Vendor who receives this material is to send us
proof of delivery. Because we have a purchase order for it, once we get
the invoice we wait for the proof of delivery receipt BEFORE we receive
it into the system to pay it.

For customers, when they send us their material we create a dummy PO for
zero dollars. Receive it in, then the "invoice" is created and thrown
out. We do this so that we have PROOF that we even received the
material, so that our customer can pay their vendor, or whatever....

HTH,

M. Manasa Reddy

manasa@...<mailto:manasa%40weldcoa.com>

P: 630-806-2000

F: 630-806-2001

________________________________

From: vantage@yahoogroups.com<mailto:vantage%40yahoogroups.com> [mailto: vantage@yahoogroups.com<mailto:vantage%40yahoogroups.com>] On Behalf
Of Jasper Recto
Sent: Friday, October 19, 2007 8:20 AM
To: 'vantage@yahoogroups.com<mailto:%27vantage%40yahoogroups.com>'
Subject: RE: [Vantage] Consignment Material

It is customer owned material.

The customer buys the material and has it shipped directly to us. We
don't pay for the material so we will not get an invoice for it. How do
you handle all the open receipts in accounts payable? There would be
many uninvoiced receipts that linger in the system.

Thanks,
Jasper

-----Original Message-----
From: vantage@yahoogroups.com<mailto:vantage%40yahoogroups.com> <mailto:vantage%40yahoogroups.com>
[mailto: vantage@yahoogroups.com<mailto:vantage%40yahoogroups.com> <mailto:vantage%40yahoogroups.com> ]On
Behalf Of Mark Wonsil
Sent: Friday, October 19, 2007 9:10 AM
To: vantage@yahoogroups.com<mailto:vantage%40yahoogroups.com> <mailto:vantage%40yahoogroups.com>
Subject: RE: [Vantage] Consignment Material

> How does everybody receive consignment material into Vantage.

Please define consignment.

If you mean that you don't own it until you use it, then you receive it
as you
need it.

If you are talking about customer repairs/upgrades etc., then you a
non-stocking part number.

Mark W.

[Non-text portions of this message have been removed]

[Non-text portions of this message have been removed]

[Non-text portions of this message have been removed]

system · October 12, 2000, 5:33pm

We have agreements with several of our vendors such that they send us
material but we don't pay for it until we use it.

I would like to show this material as in inventory and with an A/P
balance against which I'd make payments as the material is used. Do
any of you have consignment material and if so, how do you handle it?

Thanks

system · October 16, 2000, 8:00am

I too need some guidance from anyone that has done anything about
consigned material from suppliers...

key words here: anything from anyone...

Thanks

Rick
MIS
Osco

annas@... wrote:

>
> We have agreements with several of our vendors such that they send us
> material but we don't pay for it until we use it.
>
> I would like to show this material as in inventory and with an A/P
> balance against which I'd make payments as the material is used. Do
> any of you have consignment material and if so, how do you handle it?
>
> Thanks
>
> eGroups Sponsor
>
>
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system · March 23, 2004, 2:31pm

How do people receive consignment material into their system? Is there a way to receive material without a PO?

Thanks,

Jasper

[Non-text portions of this message have been removed]

system · March 23, 2004, 2:43pm

Just do a misc reciept. You have the opportunity to receive to a job, to
stock, or to "other". You don't have to have to have a part in the part
master either.

Shirley

_____

From: Jasper Recto [mailto:jrecto@...]
Sent: Tuesday, March 23, 2004 2:32 PM
To: Vantage Groups (E-mail)
Subject: [Vantage] Consignment Material

How do people receive consignment material into their system? Is there a
way to receive material without a PO?

Thanks,

Jasper

[Non-text portions of this message have been removed]

Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must have
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system · March 23, 2004, 2:49pm

Shirley -

How do you keep track of when it is due back to the vendor?

Have a Nice Day,

Dina Hieber
Vamco International, Inc.
Phone (412) 963-7100
Fax; (412) 963-7160

www.vamcointernational.com

_____

From: Shirley Graver [mailto:shirleyg@...]
Sent: Tuesday, March 23, 2004 2:35 PM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Consignment Material

Just do a misc reciept. You have the opportunity to receive to a job, to
stock, or to "other". You don't have to have to have a part in the part
master either.

Shirley

_____

From: Jasper Recto [mailto:jrecto@...]
Sent: Tuesday, March 23, 2004 2:32 PM
To: Vantage Groups (E-mail)
Subject: [Vantage] Consignment Material

How do people receive consignment material into their system? Is there a
way to receive material without a PO?

Thanks,

Jasper

[Non-text portions of this message have been removed]

Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must have
already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder and
Crystal Reports and other 'goodies', please goto:
http://groups.yahoo.com/group/vantage/files/.
<http://groups.yahoo.com/group/vantage/files/>
(2) To search through old msg's goto:
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system · March 23, 2004, 3:02pm

We really don't handle Consignment material, I was really addressing
Jaspers, how do you receive without a PO. But if we did I think I would add
a date field to the receiver record, assign the appropriate person to
determine and manage return dates, then generate a weekly report to show
returns 1 week 2 weeks and 3 weeks into the future. Then I would copy the
person that was most concerned about getting things back in time to pound on
the first person. (has to be two different people)

Shirley

_____

From: Dina M. Hieber [mailto:dhieber@...]
Sent: Tuesday, March 23, 2004 2:49 PM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Consignment Material

Shirley -

How do you keep track of when it is due back to the vendor?

Have a Nice Day,

Dina Hieber
Vamco International, Inc.
Phone (412) 963-7100
Fax; (412) 963-7160

www.vamcointernational.com

_____

From: Shirley Graver [mailto:shirleyg@...]
Sent: Tuesday, March 23, 2004 2:35 PM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Consignment Material

Just do a misc reciept. You have the opportunity to receive to a job, to
stock, or to "other". You don't have to have to have a part in the part
master either.

Shirley

_____

From: Jasper Recto [mailto:jrecto@...]
Sent: Tuesday, March 23, 2004 2:32 PM
To: Vantage Groups (E-mail)
Subject: [Vantage] Consignment Material

How do people receive consignment material into their system? Is there a
way to receive material without a PO?

Thanks,

Jasper

[Non-text portions of this message have been removed]

Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must have
already linked your email address to a yahoo id to enable access. )
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<http://groups.yahoo.com/group/vantage/files/>
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system · March 23, 2004, 3:30pm

It requires you to choose a Vendor first. Problem is that they are not vendors, they are customers. What should we do about that?

Jasper

-----Original Message-----
From: Shirley Graver [mailto:shirleyg@...]
Sent: Tuesday, March 23, 2004 2:35 PM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Consignment Material

Just do a misc reciept. You have the opportunity to receive to a job, to
stock, or to "other". You don't have to have to have a part in the part
master either.

Shirley

_____

From: Jasper Recto [mailto:jrecto@...]
Sent: Tuesday, March 23, 2004 2:32 PM
To: Vantage Groups (E-mail)
Subject: [Vantage] Consignment Material

How do people receive consignment material into their system? Is there a
way to receive material without a PO?

Thanks,

Jasper

[Non-text portions of this message have been removed]

Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must have
already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder and
Crystal Reports and other 'goodies', please goto:
http://groups.yahoo.com/group/vantage/files/.
<http://groups.yahoo.com/group/vantage/files/>
(2) To search through old msg's goto:
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system · March 23, 2004, 4:57pm

I think the way we handle consignment inventory is a bit cumbersome, but the people who use it think it works fine.

1. we generate 2 PO's one with a unit cost one with out (parts are in the part master).
2. when we receive the inventory in (since we don't pay for it till we use it) we receive it all against the PO that has not cost. Now it is in inventory but at no cost - we can now track usage.
3. when we use the material ( normally 1 bucket at a time) they do an adj-qty to the inventory (zero cost part ) then re-receive it against the po that has a cost.
4. then assign it to the job

I know it sounds a little long, but I can't convince them to do something else?.

-----Original Message-----
From: Jasper Recto [mailto:jrecto@...]
Sent: Tuesday, March 23, 2004 2:32 PM
To: Vantage Groups (E-mail)
Subject: [Vantage] Consignment Material

How do people receive consignment material into their system? Is there a way to receive material without a PO?

Thanks,

Jasper

[Non-text portions of this message have been removed]

Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must have already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder and Crystal Reports and other 'goodies', please goto: http://groups.yahoo.com/group/vantage/files/.
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system · March 23, 2004, 5:55pm

I don't what to be to vague but I was thinking some one some where has told me that you shouldn't do misc. receipts.... does anyone have a problem with them ....
Stephanie

-----Original Message-----
From: Shirley Graver [mailto:shirleyg@...]
Sent: Tuesday, March 23, 2004 2:35 PM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Consignment Material

Just do a misc reciept. You have the opportunity to receive to a job, to
stock, or to "other". You don't have to have to have a part in the part
master either.

Shirley

_____

From: Jasper Recto [mailto:jrecto@...]
Sent: Tuesday, March 23, 2004 2:32 PM
To: Vantage Groups (E-mail)
Subject: [Vantage] Consignment Material

How do people receive consignment material into their system? Is there a
way to receive material without a PO?

Thanks,

Jasper

[Non-text portions of this message have been removed]

Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must have
already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder and
Crystal Reports and other 'goodies', please goto:
http://groups.yahoo.com/group/vantage/files/.
< http://groups.yahoo.com/group/vantage/files/>
(2) To search through old msg's goto:
http://groups.yahoo.com/group/vantage/messages
(3) To view links to Vendors that provide Vantage services goto:
http://groups.yahoo.com/group/vantage/links

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Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must have already linked your email address to a yahoo id to enable access. )
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system · March 23, 2004, 7:46pm

We add the customers to the vendor lists.

Shirley

-----Original Message-----
From: Jasper Recto [mailto:jrecto@...]
Sent: Tuesday, March 23, 2004 2:48 PM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Consignment Material

It requires you to choose a Vendor first. Problem is that they are not
vendors, they are customers. What should we do about that?

Jasper

-----Original Message-----
From: Shirley Graver [mailto:shirleyg@...]
Sent: Tuesday, March 23, 2004 2:35 PM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Consignment Material

Just do a misc reciept. You have the opportunity to receive to a job, to
stock, or to "other". You don't have to have to have a part in the part
master either.

Shirley

_____

From: Jasper Recto [mailto:jrecto@...]
Sent: Tuesday, March 23, 2004 2:32 PM
To: Vantage Groups (E-mail)
Subject: [Vantage] Consignment Material

How do people receive consignment material into their system? Is there a
way to receive material without a PO?

Thanks,

Jasper

[Non-text portions of this message have been removed]

Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must have
already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder and
Crystal Reports and other 'goodies', please goto:
http://groups.yahoo.com/group/vantage/files/.
<http://groups.yahoo.com/group/vantage/files/>
<http://groups.yahoo.com/group/vantage/files/>
(2) To search through old msg's goto:
http://groups.yahoo.com/group/vantage/messages
(3) To view links to Vendors that provide Vantage services goto:
http://groups.yahoo.com/group/vantage/links

Yahoo! Groups Sponsor

ADVERTISEMENT

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Yahoo! Groups Links

Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must have
already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder and
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system · April 9, 2004, 3:25am

When you create a part in part maintenance for a consignment material, should you mark it as a purchased item or a manufactured item?

Thanks,
Jasper

[Non-text portions of this message have been removed]

system · October 19, 2007, 8:04am

How does everybody receive consignment material into Vantage.

Since we can't do a miscellaneous receipt to a customer, we must set them up as a vendor.

However, if we create a miscellaneous receipt, accounts payable will never get an invoice for those receipts an they are left unresolved.

Any ideas?

Thanks,
Jasper

[Non-text portions of this message have been removed]

system · October 19, 2007, 9:11am

> How does everybody receive consignment material into Vantage.

Please define consignment.

If you mean that you don't own it until you use it, then you receive it as you
need it.

If you are talking about customer repairs/upgrades etc., then you a
non-stocking part number.

Mark W.

system · October 19, 2007, 9:20am

It is customer owned material.

The customer buys the material and has it shipped directly to us. We don't pay for the material so we will not get an invoice for it. How do you handle all the open receipts in accounts payable? There would be many uninvoiced receipts that linger in the system.

Thanks,
Jasper

-----Original Message-----
From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com]On Behalf Of Mark Wonsil
Sent: Friday, October 19, 2007 9:10 AM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Consignment Material

> How does everybody receive consignment material into Vantage.

Please define consignment.

If you mean that you don't own it until you use it, then you receive it as you
need it.

If you are talking about customer repairs/upgrades etc., then you a
non-stocking part number.

Mark W.

[Non-text portions of this message have been removed]

system · October 19, 2007, 9:26am

Jasper, we do this to some of our vendors...we will material from them
but have it sent somewhere else to be built (customer site or another
vendor).

What we do is ask our Vendor who receives this material is to send us
proof of delivery. Because we have a purchase order for it, once we get
the invoice we wait for the proof of delivery receipt BEFORE we receive
it into the system to pay it.

For customers, when they send us their material we create a dummy PO for
zero dollars. Receive it in, then the "invoice" is created and thrown
out. We do this so that we have PROOF that we even received the
material, so that our customer can pay their vendor, or whatever....

HTH,

M. Manasa Reddy

manasa@...

P: 630-806-2000

F: 630-806-2001

________________________________

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of Jasper Recto
Sent: Friday, October 19, 2007 8:20 AM
To: 'vantage@yahoogroups.com'
Subject: RE: [Vantage] Consignment Material

It is customer owned material.

The customer buys the material and has it shipped directly to us. We
don't pay for the material so we will not get an invoice for it. How do
you handle all the open receipts in accounts payable? There would be
many uninvoiced receipts that linger in the system.

Thanks,
Jasper

-----Original Message-----
From: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
[mailto:vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com> ]On
Behalf Of Mark Wonsil
Sent: Friday, October 19, 2007 9:10 AM
To: vantage@yahoogroups.com <mailto:vantage%40yahoogroups.com>
Subject: RE: [Vantage] Consignment Material

> How does everybody receive consignment material into Vantage.

Please define consignment.

If you mean that you don't own it until you use it, then you receive it
as you
need it.

If you are talking about customer repairs/upgrades etc., then you a
non-stocking part number.

Mark W.

[Non-text portions of this message have been removed]

[Non-text portions of this message have been removed]

system · October 19, 2007, 10:15am

> It is customer owned material.
>
> The customer buys the material and has it shipped directly to us. We don't
> pay for the material so we will not get an invoice for it. How do you handle
> all the open receipts in accounts payable? There would be many uninvoiced
> receipts that linger in the system.

First, I think you'll have to cut a zero check to get rid of those receipts in
A/P.

After that, I wouldn't use a PO to enter the parts into inventory. First, I
would make sure that the customer part number has a ZERO cost and put it in a
part class/group code (CUSTMTL) that has some type of suspense account in it.
This will stick out like a sore thumb in case someone actually puts a cost on
it.

Next, how do you get material entered in the inventory? Create a Job with no
MOM (BOM/BOO) and just receive it into stock. This is helps MRP if you know
material is on the way, because you can enter the due date and quantity for
it. Since the cost is zero, and there's no BOM, no labor earned or entered,
the whole thing nets to zero and the parts show in your inventory at no value.
From there on out, everything is done as usual.

Mark W.

system · October 19, 2007, 11:31am

This situation is best described as Customer Supplied Material as
opposed to Consignment Material. Consignment would be handled
differently. Create the Part you will receive in Part Maintenance and
select Purchased Part. Create at least one Part Class called Customer
Supplied Material. If you have several Customers supplying you with
materials, you might want to create a Part Class for each customer.
Set the Customer up as a Supplier. You can only receive from
Suppliers. Then when the materials arrive at your dock, create a
Receipt, do not enter a PO#, add the appropriate line (stock, job,
etc) select Miscellenaous Receipt, complete the required info on the
Line Screen. - Hope this helps - Monte Tomerlin

--- In vantage@yahoogroups.com, Jasper Recto <jrecto@...> wrote:
>
> It is customer owned material.
>
> The customer buys the material and has it shipped directly to us.
We don't pay for the material so we will not get an invoice for it.
How do you handle all the open receipts in accounts payable? There
would be many uninvoiced receipts that linger in the system.
>
>
> Thanks,
> Jasper
>
> -----Original Message-----
> From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com]On
Behalf Of Mark Wonsil
> Sent: Friday, October 19, 2007 9:10 AM
> To: vantage@yahoogroups.com
> Subject: RE: [Vantage] Consignment Material
>
>
>
> > How does everybody receive consignment material into Vantage.
>
> Please define consignment.
>
> If you mean that you don't own it until you use it, then you
receive it as you
> need it.
>
> If you are talking about customer repairs/upgrades etc., then you a
> non-stocking part number.
>
> Mark W.
>
>
>
>
>
>
>
> [Non-text portions of this message have been removed]
>

system · October 20, 2007, 5:32am

Jasper,
We receive a lot of consigned material from customers. We created a new company called Consigned (you don't need the mult-company module to do this). The material gets received into this company at zero cost and the receipt closes the PO created for it. It is rare that we would also buy this part in the event of an outage from the customer, but if we did, we would buy it to the prime company so as to not muddle-up the value of the consigned. A stock status report will give you the contents of either company. Hope this addresses your question.

-Karl-

Jasper Recto <jrecto@...> wrote:
It is customer owned material.

The customer buys the material and has it shipped directly to us. We don't pay for the material so we will not get an invoice for it. How do you handle all the open receipts in accounts payable? There would be many uninvoiced receipts that linger in the system.

Thanks,
Jasper

-----Original Message-----
From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com]On Behalf Of Mark Wonsil
Sent: Friday, October 19, 2007 9:10 AM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Consignment Material

> How does everybody receive consignment material into Vantage.

Please define consignment.

If you mean that you don't own it until you use it, then you receive it as you
need it.

If you are talking about customer repairs/upgrades etc., then you a
non-stocking part number.

Mark W.

[Non-text portions of this message have been removed]

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