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I need ideas for handling VMI (vendor managed inventory, or consignment) on raw material that is lot tracked in NAV and consumed in the manufacturing process.
thanks in advance.
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Need more information. How do you guys process VMI right now?
We are not currently processing VMI but will need to soon. I need an process by which I can show or include these VMI quantities in my "available" inventory but not have it hit the books until it is consumed and we are billed by the vendor for it.
Thanks.
There's a couple of way to do it. One way is to receive it into a location but receive it at 0 cost so it doesn't hit your books. When the items are ready to be consumed, create a transfer order to move the items into your production location.
To allocate cost when the vendor bills you, you can use Item Charges to assign to the Transfer Shipment.
Another way is to create a table with vendor item and quantities and have the availability calculation include the figures in this table. Then when you're consuming it, make a PO on the fly and receive it into inventory.
Just 2 options off the top of my head.
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