Which is difference between Pipeline and Consignment..

Hello  All...
I need your help... Can you help me to understand the difference between Pipeline and Consignment?
Many thanks and I appreciate your Help and comments!

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A material from the pipeline is always available; i.e. it can be withdrawn from the pipeline at any time and in any quantity.
Depending on the system configuration, a material can be withdrawn only from the pipeline or, in addition to the pipeline, normal stocks of the material can also be managed.
STEPS TO MAINTAIN PIPELINE MATERIAL
1. You can create a material with PIPE material type or else you can use any material type but that should allow pipeline process.
2. You should have Inforecord for the material with valid conditions, price will pick only from inforecord.
3. If requied you can maintains ource list or else you can select during goods issue.
4. From the Inventory Management menu, choose Goods movement ® Goods issue.
Maintain the data on the initial screen. Choose Movement type ® Consumption ® To cost center (or To order, To network, All account assignments) ® From pipeline (Movement types : 201 P, 261 P, 281 P, or 291 P)
5. On the collective entry screen, enter the account assignment. Enter the items.
You do not have to enter the vendor as this will be found automatically by the system.
If more than one vendor is possible, a pop-up window appears with a list of pipeline vendors, from which you can select the vendor you require.
Post the goods movement.
we can not stock pipeline material. It is readily available. directlly it is avilable at cost center. you need to pay for that consumption

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