Supplier Contract Management is for recording the contract with the supplier for In-Store items.
IPS inventory is received via Inventory Handling or IPS Upload. The IPS module is to keep inventory as Supplier owned but is recognized as being available for consumption by MRP and kitting. When it is consumed by kitting or transfer, a Purchase Order is automatically generated to reimburse the Supplier for the material.
There are three uses for the IPS module: supplier owned but stored on-site, customer owned and stored on-site, and internally owned but obsolete parts that the user does not want to affect the books. In any of these situations a supplier must be established (this means that the customer must also be a supplier and the user must be a supplier if they have obsolete inventory in the IPS location).
Tracking In-Store processing through MANEX:
· Add the Supplier in the Supplier Information Module.
· Set up an In-Store Warehouse and the applicable G/L number in System Setup/Warehouse Setup module.
· Add the in-stores item into the Item Master in the Inventory Control Mgmt module and create an In-Store Warehouse.
· Move the materials into the warehouse using the Inventory Handling module.
· Add the In-Store Contract in the Supplier Contract Mgmt module.
· Pull a kit (only a kit shortage gets a P.O.) within the Kitting & Shortage Mgmt module.
· Add a Purchase Order and select In-Stores within the PO Mgmt module.
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