Transfer Ownership to Company

Explanation

This activity is the transfer of externally-owned stock, either supplier-loaned or customer-owned, to company-owned stock, i.e., a receipt in place. When you have come to an agreement with a supplier or customer to purchase parts that are theirs but stored in your inventory, this activity transfers the ownership in inventory and creates a purchase order for the transferred parts. The transfer of ownership can also be applied on a handling unit and will then have effect on the content of that handling unit.

Note: If the Allow Multiple Owners per Inventory Part per Location check box in Site/Extended Site Info/Inventory/General tab is selected, the entire quantity of the part need not be transferred.

Prerequisites

• The ownership type of the transferred parts must be Supplier Loaned or Customer Owned and belong to the same supplier (in the case of customer owned stock, the supplier connected to the customer).
• When transferring customer-owned parts, there must be a supplier that is connected to the owning customer. This connection is made in the Customer No field in Supplier/Purchase/General.
• When transferring customer-owned parts, the owning customer must allow part ownership transfer. This is indicated in Customer/Order/General.
• The transferred parts cannot be in transit, reserved, or frozen for counting.
• The transferred parts must all be on the same site.
• The transferred parts cannot belong to a rotable pool.
• Transfer of ownership is only allowed for parts that have been received into a stock location, i.e., transfer is not allowed when a part is in arrival QA locations.
• Parts that are serial tracked must not contain any components in its structure, with an ownership and owner other than that of the top part or Company Owned.

System Effects

If the purchase part has not previously been registered, this is done automatically.

If the purchase part has not previously been connected to the supplier, the connection will be made automatically.

A purchase order is created for the selected parts. The purchase order and its lines (one line per part number and condition code) are in status Closed and the lines are identified as received in place. 

The ownership type of the transferred parts in inventory and in Part Serial becomes Company Owned. In addition, the persistent ownership is changed for all components belonging to the structures of serial- or lot-tracked parts that are transferred.

Postings are created with the debit posting type M1, Inventory, and the credit posting type M10, Receipt with Purchase Order.

Window

Inventory Part In Stock
Handling Unit
Handling Units in Stock

Related Window Descriptions

Inventory Part in Stock
Handling Unit/Structure
Handling Units in Stock
Transfer Ownership to Company

Procedure

From Inventory Part in Stock  window:

1. Query for the appropriate inventory parts in stock.
2. Right-click on one or several lines that you want to transfer, point to Ownership Transfer, and then click Transfer Ownership to Company. The Transfer Ownership to Company dialog box opens.
3. Verify that the price, discount, and additional cost amount are correct. You can enter or modify these fields in the dialog box, in which case these values will be used on the purchase order.
4. Click OK.

Note: In the dialog box, you can use the Remove button to remove any lines that you have selected by mistake.

From Handling Unit window:

1. Open the Handling Unit window.
2. Query for an existing handling unit.
3. Click the Structure tab to view the handling unit structure details.
4. Right-click on the handling unit(s) and and then point to Ownership Transfer, and then click Transfer Ownership to Company. The Transfer Ownership to Company dialog box opens.
5. Verify that the price, discount, and additional cost amount are correct. You can enter or modify these fields in the dialog box, in which case these values will be used on the purchase order.
6. Click OK.