Intercompany Stock Transfer Business process Overview
- The
stock transfer process begins with a requirement to transfer material from
one plant to another Plant. Both plants belong to the same organization
but different company codes. This request, in the form of a stock transfer
requisition, may be created in the procuring plant automatically by MRP or
manually by a buyer.
- The
material master must exist in both the procuring (receiving) plant and the
providing (shipping) plant. Also, stock transfer purchase orders are not
subject to approval like other purchase orders. A buyer validates the
accuracy of the stock transfer purchase requisition and converts it into a
stock transfer purchase order.
- A
warehouse clerk at the shipping plant monitors the materials due to be
shipped and creates deliveries as required. Once a delivery is created, a pick list
is generated, a warehouse clerk gathers the materials and confirms the
picked quantities. Once the delivery is complete, the delivery quantities
are issued, appropriate documentation is generated, and the goods are shipped.
- Goods
are received at the receiving plant referencing the delivery number on the
shipping documents.
- At the shipping plant the accounts receivable clerk creates an invoice and sends it to the procuring plant. At the procuring plant the accounts payable clerk receives this invoice with reference to the purchase order.
High Level Over view
- Stock
transport order processing in receiving plant
- Delivery
processing in supplying plant
- Goods
issue processing in the supplying plant
- Checking
Stock in Transit in the Receiving Plant Stock Overview
- Billing
processing in supplying plant
- Goods receipt processing in receiving plan
- Invoice verification processing in receiving plan
