How toreduce the stock of components and increase the stock of raw material

Dear Experts

We are trying to finalize a process for re-use of rejected shop made components; the idea is take the stock of these rejected components, back to its raw material, so that we can use it to make the same component or any other component being made from that particular raw material.

We do not want to use the following 2 options:-

We do not want to do reversal of production booking as this will also reverse the SMH booked.

We do not want to use mvt. 701 / 702 for this as these mvt. are associated with PI and material audit.

Kindly suggest some other way through which we can reduce the stock of components and increase the stock of raw material, for rejected shop made components, ideally this adjustment should be based on the BOM of that shop made component.

Regards