Consignment

Yes we do consignment. There are few way to do Consigned Inventory.
The best would be to buy the Multi Plant module, but if you like V-S don't
want to spend the big bucks for little enhancement, we found a work around
that works for us using the real part number and a phantom part number.
Also we have a finish goods location for the given customer.

Ship the phantom part number, receive it as the real P/N as if Purchased.
It works, it sounds worse than it is, we have a Vantage inventory stock
status with what the customer is holding, it give us aging of the inventory,
and valuation.

If your going to double the entry in a spread sheet, might as well just
track it in Vantage.... We have been doing it now for about 3-4 years....
We currently have three customers and we are adding a fourth customer to
consigned inventory this month....



Rick Joslin
V-S Industries



Message: 3
Date: Wed, 17 Sep 2003 08:44:00 -0400
From: "Robert Christian" <bobc@...>
Subject: consignment

Just a clarification on my question of 09.16.03 Thanks Bob

Good Morning:
We have two customers that require us to send them stock on consignment.
Currently we invoice at shipping even though they may not use that stock for
several months. The invoices are not mailed but used only to reduce stock
and maintain receivable status. Our planners must rely on spreadsheets (and
customer stock status reports) to know when to replenish this stock and to
maintain true receivable status. Is anyone out in Vantageland contending
with this problem and how do you handle it?
Bob Christian
Just a clarification on my question of 09.16.03 Thanks Bob

Good Morning:
We have two customers that require us to send them stock on consignment. Currently we invoice at shipping even though they may not use that stock for several months. The invoices are not mailed but used only to reduce stock and maintain receivable status. Our planners must rely on spreadsheets (and customer stock status reports) to know when to replenish this stock and to maintain true receivable status.
Is anyone out in Vantageland contending with this problem and how do you handle it?
Bob Christian

[Non-text portions of this message have been removed]
We ship several of our customers on Consignment.

We have Hub warehouses set up and each time a bulk shipment is made, the
inventory quantities on-hand at the hub are updated. All shipments are
made outside Vantage.

When the customer issues the material from the hub to their location our
invoice is sent. This automatically depletes the Hub warehouse
inventory.

We also use spreadsheets to keep track of all shipments, shipment
arrivals, material pulls, and invoices prepared. The spreadsheet is
used to confirm on-hand quantities between the hub and what we show in
our warehouse. We have a 20 week demand report that is run every Monday
based on the customers forecasted requirements and this demand report
tells us each week what quantities need to be shipped. Our
predictions/estimates currently go all the way out to January 12, 2004,
which greatly helps in production and materials planning. Each week,
our spreadsheets are balanced to the actual hub quantities to keep
everything on track. It takes time...but there is never a moment when
we are unable to track even one piece of material.

Sincerely,
Judy Havlik
Plitek, L.L.C.
69 Rawls Road
Des Plaines, IL 60018
Fax: 847-827-6733
PH: 847-827-6680 x223
www.plitek.com

-----Original Message-----
From: Robert Christian [mailto:bobc@...]
Sent: Wednesday, September 17, 2003 7:44 AM
To: vantage@yahoogroups.com
Subject: [Vantage] consignment


Just a clarification on my question of 09.16.03 Thanks Bob

Good Morning:
We have two customers that require us to send them stock on consignment.
Currently we invoice at shipping even though they may not use that stock
for several months. The invoices are not mailed but used only to reduce
stock and maintain receivable status. Our planners must rely on
spreadsheets (and customer stock status reports) to know when to
replenish this stock and to maintain true receivable status.
Is anyone out in Vantageland contending with this problem and how do
you handle it?
Bob Christian

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



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[Non-text portions of this message have been removed]
Thanks Judy Bob
----- Original Message -----
From: "Judy Havlik" <judy.havlik@...>
To: <vantage@yahoogroups.com>
Sent: Wednesday, September 17, 2003 9:32 AM
Subject: RE: [Vantage] consignment


> We ship several of our customers on Consignment.
>
> We have Hub warehouses set up and each time a bulk shipment is made, the
> inventory quantities on-hand at the hub are updated. All shipments are
> made outside Vantage.
>
> When the customer issues the material from the hub to their location our
> invoice is sent. This automatically depletes the Hub warehouse
> inventory.
>
> We also use spreadsheets to keep track of all shipments, shipment
> arrivals, material pulls, and invoices prepared. The spreadsheet is
> used to confirm on-hand quantities between the hub and what we show in
> our warehouse. We have a 20 week demand report that is run every Monday
> based on the customers forecasted requirements and this demand report
> tells us each week what quantities need to be shipped. Our
> predictions/estimates currently go all the way out to January 12, 2004,
> which greatly helps in production and materials planning. Each week,
> our spreadsheets are balanced to the actual hub quantities to keep
> everything on track. It takes time...but there is never a moment when
> we are unable to track even one piece of material.
>
> Sincerely,
> Judy Havlik
> Plitek, L.L.C.
> 69 Rawls Road
> Des Plaines, IL 60018
> Fax: 847-827-6733
> PH: 847-827-6680 x223
> www.plitek.com
>
> -----Original Message-----
> From: Robert Christian [mailto:bobc@...]
> Sent: Wednesday, September 17, 2003 7:44 AM
> To: vantage@yahoogroups.com
> Subject: [Vantage] consignment
>
>
> Just a clarification on my question of 09.16.03 Thanks Bob
>
> Good Morning:
> We have two customers that require us to send them stock on consignment.
> Currently we invoice at shipping even though they may not use that stock
> for several months. The invoices are not mailed but used only to reduce
> stock and maintain receivable status. Our planners must rely on
> spreadsheets (and customer stock status reports) to know when to
> replenish this stock and to maintain true receivable status.
> Is anyone out in Vantageland contending with this problem and how do
> you handle it?
> Bob Christian
>
> [Non-text portions of this message have been removed]
>
>
>
> Yahoo! Groups Sponsor
>
> ADVERTISEMENT
>
> <http://rd.yahoo.com/M=194081.3897168.5135684.1261774/D=egroupweb/S=1705
> 007183:HM/A=1732161/R=0/SIG=11p5b9ris/*http://www.ediets.com/start.cfm?c
> ode=30509&media=atkins> click here
>
> <http://us.adserver.yahoo.com/l?M=194081.3897168.5135684.1261774/D=egrou
> pmail/S=:HM/A=1732161/rand=301528647>
>
> 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
>
> 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/.
> (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
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
>