Publication Date: 11/12/2024
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Consigned Inventory ProcessConsigned 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 Consigned parts are entered into inventory via Purchase Order or P/N Initial Load.
The following process flow is a general guide for the configuration, stocking, and issuing of consigned inventory life cycle. This life cycle may vary depending on each user and their company's unique protocols. |
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Publication Date: 11/12/2024
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