Question - What are the steps involved in consignment cycle?
Answer -
Consignment cycle is similar to a standard purchase cycle. The difference it that no accounting document is created at the time of goods receipts only QTY is updated.
It is settled once the same is utilized.
Tell me about the subcontracting cycle.
When the material is sent for subcontracting i.e. some value addition, it is converted into a different material. It needs a BOM to define the components of the finished item being received.