How to Create Consignment Inventory

Before we move to how to create consignment inventory in maximo, one should Know

What is consignment Inventor

Consignment Inventory is inventory that is in the possession of the customer, but is still owned by

the supplier.

In other words, the supplier places some of his inventory in his customer’s possession (in their

store or warehouse) and allows them to sell or consume directly from his stock. The customer

purchases the inventory only after he has resold or consumed it.

* Consignment Inventory can be created for those items only which is marked as consignment items

in Inventory application

1. Navigate to Path goto

 Inventory  Inventory

2. Select the item for which you want to create “Consignment Inventory”. Example

3. Click on Select Action Menu and locate “View/Edit Consignment Details”.

Click on it

You will notice all filed are read-only accept Consignment, check the Consignment? 

Fill the Consignment Vendor and other details

Please note that the item must not be referenced on a PO / PR and have a reconciled current balance of zero in order to make this change.