Consignment
Items are owned by external Supplier, but possessed in the Inventory of the
Customer. The Customer pays for Items to the Supplier when they use them.
When Consignment Works Best:
Consider a Car manufacturer that produces a wide range of Cars ranging in price from medium to high cost based on models.
Car manufacturer has customers (Shops) that stock his low-to-mid-priced models but are hesitant to stock the more expensive Cars because they do not have confidence that their customers are willing to pay that much for a Car.
So, the Car Manufacturer strongly believes that getting his high-end Cars in the Shops where customer can see and touch them is critical in driving up sales for these models as well as helping to promote his brand which ultimately drives up sales for the lower cost models.
Maximo
When you create an item; you can specify the item as a consignment item. Rotating Items and condition enabled items cannot be flagged as consignment Items.
When Consignment Works Best:
Consider a Car manufacturer that produces a wide range of Cars ranging in price from medium to high cost based on models.
Car manufacturer has customers (Shops) that stock his low-to-mid-priced models but are hesitant to stock the more expensive Cars because they do not have confidence that their customers are willing to pay that much for a Car.
So, the Car Manufacturer strongly believes that getting his high-end Cars in the Shops where customer can see and touch them is critical in driving up sales for these models as well as helping to promote his brand which ultimately drives up sales for the lower cost models.
Maximo
When you create an item; you can specify the item as a consignment item. Rotating Items and condition enabled items cannot be flagged as consignment Items.
An invoice is automatically
generated when the item is consumed from the storeroom. Invoices can generate
manually or frequency based.
If invoices are based on frequency, then out of box cron task FREQCONSINV evaluates consignment Items to be processed. The frequency and units specified for inventory record are used to find the next invoice data. In Organization application, the maximum no. of lines on Consignment invoices is set.
Consignment items have an impact on inventory costs only when they are consumed, at which point, payment must be made to the item vendor.
If invoices are based on frequency, then out of box cron task FREQCONSINV evaluates consignment Items to be processed. The frequency and units specified for inventory record are used to find the next invoice data. In Organization application, the maximum no. of lines on Consignment invoices is set.
Consignment items have an impact on inventory costs only when they are consumed, at which point, payment must be made to the item vendor.
Can I ask for assistance please ? From our test results concerning invoice generation type of consigned item with type FREQUENCY. We are using Maximo 7.5 version, we have a scenario where there are 2 Organization, say 1 and 2. We created a consigned item under the storeroom of org 1 and its invoice generation type is FREQUENCY(1 day), same with storeroom 2 that belongs to Organization 2. We waited to see if there will be invoice generated. The system failed to generate invoice :(.
ReplyDeleteCan you generate invoice manually for these consignment items ? we can expect error to pop-up in UI.
DeleteIs cron task FREQCONSINV active ?
Thank you Sir for the quick response. Yes I was able to create manual invoice for those items that failed to generate system generated invoice and I did not encounter error. As to the Maximo 7.5 we are using
DeleteConsignmentInvoiceCronTask cron task is active. It runs every 2 minutes.
Enable the crontask log and collect the error from log files. http://www-01.ibm.com/support/docview.wss?uid=swg21688566
Delete