Hello all,
We have a number of inventory items that we have purchased but due to the vendor maintaining optimum storage conditions we have stored at the vendor.
This is sort of an opposite scenaro to the consignment process.
Is there a way of holding valuated stock against a vendor ?
- The obvious is a separate plant or storage location, but ideally we'd like to use the vendor number is a similar way to consigment stock only that the inventory would be valuated (and therefore paid for upfront and not on consumption).
We'll likely incurr a cost to transfer from the vendor's site to our site which suggests a seperate plant is appropriate as a transfer PO could be used with a freight condition to get the correct material value at our site.
All suggestions and comments welcome.
thank you
Steve.