Vendor Consignment

Kinetic ERP
1

How do we return a received vendor consignment stock? We’re using Epicor Kinetic.

2

Create an Inventory Non-Conformance record, process via the Inspection Processing Queue to a DMR, process that and then do a Misc. Shipment back to the supplier

3

Thanks for the response, Sue! Unfortunately, we don’t have those modules that you mentioned. :unamused_face:

Is there any other workaround this, you think?

4

Are you returning them to the vendor’s inventory in Epicor or just return it to the vendor as a claim issue?

How do you have the inventory separated in your system? Separate site? Separate warehouse?

5

Hi Lindsay,

We are returning them to our vendor’s inventory both physically and in Epicor. We have only 1 site, but multiple (virtual) warehouses where we store our Standard stock and SMI stocks per vendor.
In this case, we have issued a Consignment PO to our vendor and received it in our SMI WH.

6

If they are giving you a credit for the returned material, then the process suggested before only works if you have all of the quality module stuff. Otherwise your AP person should be able to generate a debit for the value. For moving things between warehouses within Epicor, that is a inventory move transaction, stk-stk. Is that not how you moved it out?

7

Hi Lindsay,

Once we sell a consignment item, we move it out of its SMI bin to a STD bin via inventory transfer. That will trigger us to raise a standard PO to vendor, and then will in turn issue us the AP invoice.

Since these items are consignment, they only hit the QoH of inventory and have 0 as cost hence no impact in finance. The only thing is that how do we move these out of the system given that it has already been received and the Consignment PO already closed. Will it be possible if we:

  1. Open the receipt of these unsold items and unreceive them.
  2. Open the consignment PO and edit these line items to have 0 qty.
  3. Close again both the PO and the Receipt.
8

While that is possible and it would return the items back to the bin, it may throw off other transactional things, thinking accounting impact. It’s worth a try in your testing environment and then we typically review with accounting at that point so they can validate what the data on their end looks like.

9

Hi Lindsay,

Yeah, I think that’s the only possible thing left I haven’t yet tried to do. We also use our Pilot instance when trying workarounds and involve the other departments as needed.

Thank you so much for your inputs, Lindsay! I will update this post here for the results of our testing so that others who might have a similar case can use it for reference.

Cheers,
Fred