What is consignment correction in SAP SD - Sales and Distribution?

SAP Term: consignment correction

• Component: SD

• Component Name: Sales and Distribution

• Description: A sales document used in consignment stock processing for sales scheduling agreements to correct the cumulative quantity issued by the consignee.

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• Key Concepts: 
  Consignment correction is a process in SAP Sales and Distribution (SD) that allows for the correction of consignment stock. Consignment stock is inventory that is owned by the customer, but stored at the vendor’s premises. This process allows for the correction of any discrepancies between the customer’s and vendor’s records of consignment stock. 
  
  How to use it: 
  In order to use consignment correction, the user must first enter a consignment correction document in SAP SD. This document will contain information about the customer, vendor, and any discrepancies between their records. Once this document is created, the user can then enter a goods issue or goods receipt document to correct the discrepancies. 
  
  Tips & Tricks: 
  When entering a goods issue or goods receipt document for consignment correction, it is important to make sure that all of the information entered is accurate. This will ensure that the customer and vendor records are both updated correctly. Additionally, it is important to keep track of all documents related to consignment correction in order to ensure that all discrepancies are corrected. 
  
  Related Information: 
  Consignment correction is closely related to other processes in SAP SD such as goods issue and goods receipt processing. It is important to understand how these processes work in order to effectively use consignment correction. Additionally, it is important to understand how consignment stock works in order to properly use consignment correction.