Special Stock types

Question

Hi,
Can any one explain what are all the special stock types and signifcance of them.
How are they useful for business purposes.
I understand that Project stock is for specific project, and also consignment stock.
Pls explain me in detail.
Thnx

Answer 1

Hi
Special stocks are:
<b>Consignment:</b> the vendor provides materials and stores them on your premises. The vendor remains the legal owner of the material until you withdraw materials from the consignment stores. Only then does the vendor require payment. The invoice is due at set periods of time, for example, monthly. In addition, you can also arrange with the vendor that you take over ownership of the remaining consignment material after a certain period of time.
<b>Subcontracting:</b> In Sub Contract process, you have to provide material to vendor for conversion purpose, Till ytu receive final product, material which has sent to vendor shows as "material provide to Vendor"
<b>Stock transfer using stock transport order</b>: A number of procedures are available to enable you to transfer materials from one plant to another:
Stock Transfer Between Plants in One Step
Stock Transfer Between Plants in Two Steps
Stock Transport Order Without Delivery
Stock Transport Order with Delivery via Shipping
Stock Transport Order with Delivery and Billing Document/Invoice
<b>Third-party processing</b>: In third-party processing, you place a purchase order with a vendor to deliver goods or perform a service for a third party (for example, for a customer).
This means that your company does not deliver the material. You forward the order to an external vendor instead, who then sends the material directly to the customer and invoices you.
<b>Returnable transport packaging</b>: Returnable transport packaging (RTP) is a multi-trip packaging medium (for example, pallets or containers) in which goods can be transported more than once between vendors and customers.
Returnable transport packaging from a vendor that is stored at a location on your premises is managed as special stock and clearly assigned as belonging to the vendor. It is the property of the vendor and is therefore not included in the customer’s valuated stock.
<b>Pipeline handling</b>: A pipeline material is a material that flows directly into the production process from a pipeline (for example, oil), from a pipe (for example, tap water), or from another similar source (for example, electricity).
A material from the pipeline is always available; i.e. it can be withdrawn from the pipeline at any time and in any quantity.
<b>Sales order stock</b>: Stock that is used for a sales order. It is directly allocated to a sales order. Components can only be used to produce material ordered by the customer and the finished product can only be delivered to the customer via the sales order.
<b>Project stock</b>: Quantity of a material which is held in stock for the completion of a project. The project stock is allocated to a work breakdown structure (WBS) element. Components can only be withdrawn for the WBS element.
regards
Srinivas