MANUALS > Orders > Orders Module > Orders, Update Menu > Orders Creation/Update > Purchase Order > Purchasing Consigned Inventory

Consigned inventory refers to parts that are kept in inventory that do not officially belong to the user's company until that part is issued to a Work Order or Aircraft. By default, consigned inventory does not automatically generate Journal Entries or Fixed Asset records in the system because it is not yet officially owned by the user.

Note: When Inventory Switch CONSINED is set to Yes, when consigned parts are issued, a P/O will automatically be created and closed and Journal Entries will be written to reflect the change in ownership.

Consigned parts are entered into inventory via Purchase Order or P/N Initial Load.

To create a Consignment Purchase Order, the Owner field will need to be populated prior to the Purchase Order Receiving, as shown below:

Note: This functionality only takes place when Inventory Switch CONSINED is set to Yes.

Once the P/O is created for the Consigned part, the order must be received into Inventory. When the Owner field is populated and the part is received into Inventory via P/O Receiving, the part will be flagged in both the Receiving Inspection and the Inventory Transaction window as 'Consigned'.

However, a Consignment P/O (nor a consigned part Initial Load) will not generate Journal Transactions (i.e. P/O Receiving) or Fixed Assets because the part is not a considered part of your company's inventory until issued to the aircraft.

When consigned inventory is issued to a Work Order or Aircraft via Manual Issue, Picklist Issue, or Express Issue, the ownership of the part transfers to the user's company. If Inventory Switch CONSINED is set to Yes, Journal Entries will be created automatically for the Consigned parts that were issued.

For detailed information refer to Issuing Consigned Inventory via the Inventory Training Manual.

Consigned Inventory Process