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
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