Consignment parts
Consignment parts are owned by external vendors. The consignment parts are located in a local storeroom, and are considered part of the consignment inventory. You can keep consignment parts in your storeroom, and pay for those types of parts when you use them.
When you create a part, you can specify the part as a consignment part. Rotable parts and condition-enabled parts cannot be flagged as consignment parts.
Invoices for consignment parts are generated in any of the following ways:
- Consumption
- An invoice is generated automatically when the part is consumed from the storeroom.
- Frequency
- If invoices are based on a frequency, then the product-provided cron task (FREQCONSINV) evaluates consignment parts to be processed. The frequency and units specified for the inventory record are used to determine the next invoice date. The cron task is set to run daily, unless you specify another value. A single invoice that contains up to the maximum number of lines is created for each vendor. You use the Organizations application to set the maximum number of lines on consignment invoices.
- Manual
- You generate an invoice manually.