Consigned Purchase Orders - Can the Standard PO used for Consignment Receiving be changed to Non-Con
My company has been utilitizing the Consigned Inventory process (in Oracle 11.5.10.2 ) for several years.
In summary, our consigned process is: 1 - receive goods in on consignment; 2- a weekly concurrent process runs to generated the consumption advices for any goods consumed that week; and then 3 - (same concurrent process) a self-billing invoice is created for payment to our supplier.
The Problem: Our Procurement Group has told me that a new agreement with one of our suppliers has been reached to stop consignment inventory. This vendor is one that has an extremely long lead time and ships to the US from overseas; hence there are several months of Standard Receiving PO's for Consignment already "in the pipeline" so to speak. My suggestion was to bring these goods in as consignment and manually consume them until the pipeline was clear of consignment. However Accounting wants to make sure we have a clean cut-off of when we generate invoices through self-billing VS when