Consignment payment invoices can be generated, either manually
or automatically, for financial transactions that occur when consignment
items are used.
When you create an item in the Item Master application, you can
specify the item as a consignment item. Consignment items become part
of the consignment inventory.
Purchase order lines for consumption items can only be invoiced
upon usage of the item.
Consignment payment invoices can be generated in any of the following
ways:
- Individual Consumption
- Each consumption transaction (either positive or negative) of
a consignment item creates a single line on a consignment invoice.
- Frequency
- If invoices are based on a frequency, then the product-provided
cron task (FREQCONSINV) evaluates consignment items 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 can generate a consignment invoice manually. You select the Consignment
Payment invoice type, and choose from the list of available
consumption transactions to include on the invoice lines.