This chapter contains these topics:
You might hold stock belonging to another company at your depot, within the same tank as your own stock. This is known as commingled stock. Trading partners for whom you hold stock typically do not find it feasible to carry all the products that they want to sell. Or they might have a dry depot, in which they carry no stock at all.
When the company enters a sales order, a driver might be required to pick up the stock at your depot. When the driver picks up the stock, you can enter an inventory transaction to take stock out of the tank or enter a sales order and create a trip to download to a gantry. If your driver is delivering the stock, you can enter a sales order and create a trip if you want to include the trip in your dispatch planning. If you enter a sales order, you can charge a handling fee as the sales price.
Whenever you make a stock movement, record receipt, load stock, or record a disposition, you must specify the owner of the product if the tank in use is set up for commingled stock. These transactions should be reflected in inventory, but not in accounts receivable or the general ledger.
Energy and Chemical Solutions accounts for two types of commingled stock:
Commingled for custody
Commingled for duty
Commingled for custody refers to stock that is owned by your trading partner, but stored in your tank. The trading partner might not have a depot in your area, but still needs to serve its customers.
Commingled for duty refers to stock in tanks that hold both duty-free and duty-paid stock. For example, you might sell duty-paid stock to domestic customers and duty-free stock to international customers or the government.
Stock can also be both commingled for custody and for duty. For example, you might hold duty-free stock in your tank for your trading partner.
To correctly account for the two types of commingled stocks, you can set a processing option in the following systems:
| System | Transaction |
|---|---|
| Bulk Stock Management System |
|
| Load and Delivery Management System |
|
See Also:
Section 21.1, "Setting Up Depot Locations"for information on setting up item/location combinations for commingled stock
Section 27.4, "Setting Up Additional Tank Information"for information on defining a tank for commingled stock
Section 16.4, "Reviewing Commingled Stock" to review the inventory balances for tanks containing commingled or custody stock