Hi,
We have a supplier who will ship us certain amounts of inventory for us to hold as consignment. Sometimes, they request that we use the material to produce a finished good for them. We're wondering if there is a better way to handle this than what we're doing now:
- Issue PO for Product "Raw Material-Consignment" at 0$
- Receive the material into stock when it arrives physically
- If we need to consume the material, we misc. issue the "Raw Material-Consignment" stock out,
- Then, we create a PO at the actual price amount for the material cost, and receive in the actual product number "Raw Material" which is listed on our BOMs
- The material can then be consumed as normal
I worry about the traceability and multiple product numbers being in play with the current strategy.
Any help is appreciated.
Thank you.