In2IT Technologies SAP Consultant Interview Questions and Answers

Consignment sales is a business arrangement where a supplier provides goods to a retailer who only pays for the goods sold to customers.

• Supplier retains ownership of the goods until they are sold to the end customer

• Retailer only pays for the goods sold to customers

• Unsold goods can be returned to the supplier

• Supplier may charge a fee or commission for the consignment arrangement

Third party sales is configured by creating a customer master record for the third party and assigning it to the sales order.

• Create a customer master record for the third party

• Assign the third party customer to the sales order

• The third party will then be responsible for delivering the goods to the end customer

• The invoice will be issued by the company to the third party, who will then invoice the end customer