When an item’s ownership changes the bill is due and invoicing begins. Inventory change orders are used to transfer inventory ownership from a supplier to a customer and back.
When a customer receives an item from a supplier in a typical, non-VMI business environment, ownership of the item passes from the provider to the customer. The customer must pay for the item when they receive it.
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Pro Inventory Auditing for your business’s necessities!
Pro Inventory Auditing for your business’s necessities!