# Consignment Material
**Category:** [Yahoo Archive](https://www.epiusers.help/c/yahoo-archive/9)
**Created:** 2007-10-22 13:02 UTC
**Views:** 1345
**Replies:** 18
**URL:** https://www.epiusers.help/t/consignment-material/1362
---
## Post #1 by @system
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]
---
## Post #2 by @system
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
---
## Post #3 by @system
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
>
>
> We no longer allow attachments to files. To access/share Report
> Files, please go to the following link:
> http://www.egroups.com/files/vantage/
> (Note: If this link does not work for you the first time you try it,
> go to www.egroups.com, login and be sure to save your password, choose
> My Groups, choose Vantage, then choose Files. If you save the
> password, the link above will work the next time you try it.)
---
## Post #4 by @system
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]
---
## Post #5 by @system
---
## Post #6 by @system
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:
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
<
http://rd.yahoo.com/SIG=12cs60ktm/M=281792.4727319.5879690.1261774/D=egroup
web/S=1705007183:HM/EXP=1080156701/A=2058224/R=0/SIG=116652qbq/*http:/my.yah
oo.com/promo/ppets.html> click here
<
http://us.adserver.yahoo.com/l?M=281792.4727319.5879690.1261774/D=egroupweb
/S=:HM/A=2058224/rand=254834166>
_____
Yahoo! Groups Links
* To visit your group on the web, go to:
http://groups.yahoo.com/group/vantage/
* To unsubscribe from this group, send an email to:
vantage-unsubscribe@yahoogroups.com
<mailto:
vantage-unsubscribe@yahoogroups.com?subject=Unsubscribe>
* Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service
<
http://docs.yahoo.com/info/terms/> .
Tracking #: 0D06A14C50A38B4B8B4F5D94EE53389B5DA87D4E
[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/.
(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 Links
* To visit your group on the web, go to:
http://groups.yahoo.com/group/vantage/
* To unsubscribe from this group, send an email to:
vantage-unsubscribe@yahoogroups.com
<mailto:
vantage-unsubscribe@yahoogroups.com?subject=Unsubscribe>
* Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service
<
http://docs.yahoo.com/info/terms/> .
[Non-text portions of this message have been removed]
---
## Post #7 by @system
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. )
(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
<
http://rd.yahoo.com/SIG=12cs60ktm/M=281792.4727319.5879690.1261774/D=egroup
web/S=1705007183:HM/EXP=1080156701/A=2058224/R=0/SIG=116652qbq/*http:/my.yah
oo.com/promo/ppets.html> click here
<
http://us.adserver.yahoo.com/l?M=281792.4727319.5879690.1261774/D=egroupweb
/S=:HM/A=2058224/rand=254834166>
_____
Yahoo! Groups Links
* To visit your group on the web, go to:
http://groups.yahoo.com/group/vantage/
* To unsubscribe from this group, send an email to:
vantage-unsubscribe@yahoogroups.com
<mailto:
vantage-unsubscribe@yahoogroups.com?subject=Unsubscribe>
* Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service
<
http://docs.yahoo.com/info/terms/> .
Tracking #: 0D06A14C50A38B4B8B4F5D94EE53389B5DA87D4E
[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
_____
Yahoo! Groups Links
* To visit your group on the web, go to:
http://groups.yahoo.com/group/vantage/
* To unsubscribe from this group, send an email to:
vantage-unsubscribe@yahoogroups.com
<mailto:
vantage-unsubscribe@yahoogroups.com?subject=Unsubscribe>
* Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service
<
http://docs.yahoo.com/info/terms/> .
[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
_____
Yahoo! Groups Links
* To visit your group on the web, go to:
http://groups.yahoo.com/group/vantage/
* To unsubscribe from this group, send an email to:
vantage-unsubscribe@yahoogroups.com
<mailto:
vantage-unsubscribe@yahoogroups.com?subject=Unsubscribe>
* Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service
<
http://docs.yahoo.com/info/terms/> .
[Non-text portions of this message have been removed]
---
## Post #8 by @system
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:
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
<
http://rd.yahoo.com/SIG=12cs60ktm/M=281792.4727319.5879690.1261774/D=egroup
web/S=1705007183:HM/EXP=1080156701/A=2058224/R=0/SIG=116652qbq/*http:/my.yah
oo.com/promo/ppets.html> click here
<
http://us.adserver.yahoo.com/l?M=281792.4727319.5879690.1261774/D=egroupweb
/S=:HM/A=2058224/rand=254834166>
_____
Yahoo! Groups Links
* To visit your group on the web, go to:
http://groups.yahoo.com/group/vantage/
* To unsubscribe from this group, send an email to:
vantage-unsubscribe@yahoogroups.com
<mailto:
vantage-unsubscribe@yahoogroups.com?subject=Unsubscribe>
* Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service
<
http://docs.yahoo.com/info/terms/> .
Tracking #: 0D06A14C50A38B4B8B4F5D94EE53389B5DA87D4E
[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/.
(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 Links
---
## Post #9 by @system
---
## Post #10 by @system
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
Yahoo! Groups Sponsor
ADVERTISEMENT
<
http://rd.yahoo.com/SIG=12cs60ktm/M=281792.4727319.5879690.1261774/D=egroup
web/S=1705007183:HM/EXP=1080156701/A=2058224/R=0/SIG=116652qbq/*http:/my.yah
oo.com/promo/ppets.html> click here
<
http://us.adserver.yahoo.com/l?M=281792.4727319.5879690.1261774/D=egroupweb
/S=:HM/A=2058224/rand=254834166>
_____
Yahoo! Groups Links
* To visit your group on the web, go to:
http://groups.yahoo.com/group/vantage/
* To unsubscribe from this group, send an email to:
vantage-unsubscribe@yahoogroups.com
<mailto:
vantage-unsubscribe@yahoogroups.com?subject=Unsubscribe>
* Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service
<
http://docs.yahoo.com/info/terms/> .
Tracking #: 0D06A14C50A38B4B8B4F5D94EE53389B5DA87D4E
[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/.
(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 Links
* To visit your group on the web, go to:
http://groups.yahoo.com/group/vantage/
* To unsubscribe from this group, send an email to:
vantage-unsubscribe@yahoogroups.com <mailto:
vantage-unsubscribe@yahoogroups.com?subject=Unsubscribe>
* Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service <
http://docs.yahoo.com/info/terms/> .
[Non-text portions of this message have been removed]
---
## Post #11 by @system
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
<
http://rd.yahoo.com/SIG=12cs60ktm/M=281792.4727319.5879690.1261774/D=egroup
web/S=1705007183:HM/EXP=1080156701/A=2058224/R=0/SIG=116652qbq/*http:/my.yah
oo.com/promo/ppets.html> click here
<
http://us.adserver.yahoo.com/l?M=281792.4727319.5879690.1261774/D=egroupweb
/S=:HM/A=2058224/rand=254834166>
_____
Yahoo! Groups Links
* To visit your group on the web, go to:
http://groups.yahoo.com/group/vantage/
* To unsubscribe from this group, send an email to:
vantage-unsubscribe@yahoogroups.com
<mailto:
vantage-unsubscribe@yahoogroups.com?subject=Unsubscribe>
* Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service
<
http://docs.yahoo.com/info/terms/> .
Tracking #: 0D06A14C50A38B4B8B4F5D94EE53389B5DA87D4E
[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
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
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
_____
Yahoo! Groups Links
* To visit your group on the web, go to:
http://groups.yahoo.com/group/vantage/
* To unsubscribe from this group, send an email to:
vantage-unsubscribe@yahoogroups.com
<mailto:
vantage-unsubscribe@yahoogroups.com?subject=Unsubscribe>
* Your use of Yahoo! Groups is subject to the Yahoo! Terms of
<
http://docs.yahoo.com/info/terms/> Service.
[Non-text portions of this message have been removed]
---
## Post #12 by @system
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]
---
## Post #13 by @system
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]
---
## Post #14 by @system
> 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.
---
## Post #15 by @system
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]
---
## Post #16 by @system
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]
---
## Post #17 by @system
> 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.
---
## Post #18 by @system
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]
>
---
## Post #19 by @system
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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---
**Canonical:** https://www.epiusers.help/t/consignment-material/1362
**Original content:** https://www.epiusers.help/t/consignment-material/1362