CONSIGNMENT title: consignment (MM) (SAP Library - Glossary)
CONSIGNMENT category: Materials Management (MM)
CONSIGNMENT explained:
A form of business in which a vendor (external supplier) maintains a stock of materials at a customer (purchaser) site.
The vendor retains ownership of the materials until they are withdrawn from the consignment stores.
Payment for consignment stock is required only when the material is withdrawn for use. For this reason, the vendor is informed of withdrawals of consignment stock on a regular basis.
More terms such as consignment in Dictionary C.
- Manual Cash Discount Base Amount:
- Help A portion of the invoice amount for which cash discount is granted consignment definition.
- Manual CPE Caller:
- Help The application that calls the commodity pricing engine (CPE), such as SAP CRM or Sales and Distribution (SD) in the ERP system consignment explain.
- Manual Contract Type (CRM):
- Help Form of long-term agreement. The following contract types exist: Sales contract Service contract Leasing contract consignment what is.
- Manual Collective Invoice Account:
- Help A special contract account in which line items belonging to different contract accounts are grouped together to enable the same dunning or payment procedure to be applied to all the line items consignment meaning.
- Manual Cost-Of-Living Allowance:
- Help Allowance that expatriates and employees on extended business trips receive to compensate for the higher cost of living in the host country compared to the home country consignment abbreviation.
