Dear all,
In our subcontracting process, we have some of our components places in our vendor’s ware house.
- Components A, B & C are sent to the vendor. Vendor delivers semi-finished item D
- Large quantity of component A is located in vendor’s stock for practical purpose (consignment?)
- We would like to include component A in all our subcontracting purchase orders sent to vendor.
I don’t know if this is called a consignment stock. Please guide me how this process is managed? Also how to mange stock movement for component A in our vendors stock?
Thanks in advance