Inventory is commonly managed at value and quantity basis that is handled at site and storage location level:
- Value of inventory is managed at site (store or DC) level.
- Quantity is managed at storage location level.
The Consignment Stock are posted into Stock without value and on Quantity basis whenever there is a consumption of Stock the Inventory stock value is posted based on the Price maintained in the Price master
The Consignment Settlement will be at the Month end based on the agreed terms with the vendor.