E1: 41: Request Vendor Managed Inventory Functionality In JDE1
Last updated on OCTOBER 30, 2017
Applies to:JD Edwards EnterpriseOne Inventory Management - Version 9.1 to 9.1 [Release 9.1]
Information in this document applies to any platform.
Request VMI, Vendor Managed Inventory, functionality be added to the JDE1. This process requires two locations; one is a company owned location that contains inventory. This inventory is owned by a company and inventory transactions create journal entries. The VMI location contains inventory that is owned by a customer with a zero value to the company. Inventory transactions done at the VMI location do not create journal entries. Inventory has value only to customer (at sales price) and value must be tracked.
The VMI process is as follows:
Transfer is a sales order that should be recognized as revenue by company, remove inventory from balance sheet, update COGS, etc. as any other sales order would but also increase VMI location inventory and carry value of inventory at sales price (not cost). Depletion of inventory causes inventory quantity adjustment, but no financial entries (journal entries) for company, and inventory has zero value. Not considered a sale or source of revenue.
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