I have a document from SCM Expert online on vendor consignment and I had a question regarding creating a consignment contract.
Do I need to create a vendor consignment contract via ME31K? If so, why? I just know that the document is stating to create, but I want to understand why, what purpose or value does the contact have?
Could I just create a consignment Purchase Order via ME21N, then do a MIGO 101K to recieve inventory into our warehouse?
Any input would be helpful.
Thank you all.