Carrying overstock in your warehouse costs you valuable space and money. Using the Suggested Return P/O process, you can determine which products in your overstock inventory you can return to your vendor for credit, and create return purchase orders for those products. As you review your overstock inventory and have conversations with your vendors regarding return policies, you can also flag individual products to indicate that you cannot return that product to your vendor, saving you time in the future when reviewing which products you can return.
You can set up Vendor Volume Rebate programs in which rebates are received on a per-line-item basis, some vendors provide a greater rebate when buying in bulk or volume quantities during a specific time frame. For more information about these programs, see Vendor Volume Rebates Overview in the Vendor Maintenance online help documentation.
If you use the Vendor Scorecard and have built a Vendor Scorecard file, the system uses the same overstock days in that file to determine which products are considered overstock. If you have not run a Vendor Scorecard build, the default overstock days is 90.
You can review the suggested returns purchase orders as a report or in the Suggested Return P/Os Queue. From this queue, you can convert the suggested return orders into actual return purchase orders to initiate the return process. Suggesting purchase orders populates the Suggested Return P/O Queue for each buy line that has products that are considered overstock.
See the following topics to suggest return purchase orders for your overstock inventory: