Adding update control to new Movement Types

Hello all;
I have a requirement to create a movement to allow customer consignment receipt from a finished goods purchase order. So I used OMJJ to copy the 101 movement type to Y01 which seemed to work OK, but I need to make an entry in the section labeled "Update Conrol/WM movement types", I need to add a Y01 W entry for PO receivings for Consignment Customer however I do not see how to add entries from to this area.
Any help is appreciated.
Thanks and regards!

Thanks for your detailed response, I appreciate it. Allow me to give the details as they stand at the moment.
Considering that I would like to receive a PO into a customer consignment location I needed to utilize a 101 W movement however none exists in the SAP system. So I utilized OMJJ to copy 101 to Y01 (copy all). I then added entries via SM30 to V_156SC_VC and V_156X_VC for Y01 X X W B _ V, this is to allow the Y01 W to be done (I think). And so I create a PO for a finished goods item (type NB) and then go to receive it via MIGO I enter the PO number and the movement type Y01 and I am able to determine a customer partner and receive QTY with serials but when I save it I receive this message.
NA M7001
In table T156SY the entry 101 X X W B _ V is missing
This is curious as I'm positive that the movement type entered in MIGO is Y01. I would assume that there is additional config missing.
Any help would be appreciated and rewarded.
Thanks!

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