How to payment the vendor against consignment PO

Question

HELLO EXPERTS,
Can anybody help me how to PAYMENT my vendor against consignment PO. Because when i m doing a consignment PO,it is not taking any price ,than i go for  GR and MIRO.
but in MIRO ,in PO purchase order reference when i give purchase  order , it is coming that No (suitable) item found for purchase order
can any body tell me how to payment this vendor and how n where to give pricing value of that PO.
PLZ TELL ME ALL THE CUSTOMIZING IN DETAILS.
regards.

Answer 1

Hi
A warehouse can contain stocks owned by variousconsignment vendors. Settlement is based on the
material withdrawn from the consignment stock.As a result, Inventory Management and Invoice
Verification must fulfill special requirements.To support the procurement process for consignment
material, you can define conditions for consignment processing that are valid for specific periods. You
can enter these conditions in foreign currencies and include alternative units of mea-sure. For inventory
postings (for example, postings made for deliveries,  good issues, confirmations for run schedule headers) and in the relevant preparatory phases, the system can suggest the stocks from which to withdraw  material. In the strategies used for stock selection, you can have the system take both your
company’s own stock as well as the vendor consi gnment stock into consideration.The R/3 System provides enhanced functionality for settling consignment liabilities. To make the process more transparent to the vendor, you can create consignment settlement documents and send them
to the vendor.
refer to link www.scribd.com/doc/2229268/MM-2-009-Consignment -
http://help.sap.com/saphelp_erp60_sp/helpdata/en/33/222138c2ebcc46e10000009b38f842/frameset.htm