Any combined scenario for Subcontracting and DropShipment

Hello Experts,
Requirement is to drive Sales Order to create Subcon order and push the processed semi finished goods from SC to Customer end and unprocessed scrap back to supplying plant. Transport from SC to Customer will be arranged and paid by supplying plant hence not a challenge. Is there any combined process to address SO driven Subcon and Drop Shipment? I thought of use of contract manufacturing but it suits majorly for big volume and finished product.

If you are on ECC 6 with enhancement pack 5 or higher then you might want to look that the following:
Third party order processing with subcontracting
It's included in EHP6.05 function LOG_MM_OM_2.

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