What is consignment period in SAP IS-M-SD - Media Sales and Distribution?

SAP Term: consignment period

• Component: IS-M-SD

• Component Name: Media Sales and Distribution

• Description: The period within the lifetime of a publisher-owned consignment item during which the wholesaler can sell or return the item without triggering the billing process in Sales and Distribution SD.

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• Key Concepts: 
  Consignment period is a term used in SAP IS-M-SD Media Sales and Distribution. It is the length of time that a customer has to return unsold goods to the supplier. The consignment period is usually set by the supplier and can range from a few days to several months. 
  
  How to use it: 
  In SAP IS-M-SD Media Sales and Distribution, the consignment period is set up in the customer master record. The consignment period can be set for each customer individually or for all customers in a particular group. The consignment period can also be changed at any time if needed. 
  
  Tips & Tricks: 
  It is important to keep track of the consignment period for each customer, as it can affect the amount of time that goods are held by the customer before they are returned to the supplier. It is also important to ensure that the consignment period is set correctly, as this can affect the accuracy of inventory records and financial statements. 
  
  Related Information: 
  The consignment period is closely related to other terms such as consignment stock, which is goods that are held by a customer on behalf of a supplier, and consignment fill rate, which is the percentage of orders that are filled with consignment stock. Understanding these terms can help ensure that inventory records and financial statements are accurate.