Commingled Stock
You might hold stock belonging to another company at the 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 of 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 the 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 the driver is delivering the stock, you can enter a sales order and create a trip if you want to include the trip in the 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 of a product, 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 tracks the two types of commingled stock:
Commingled for custody
Commingled for duty
Commingled for custody refers to stock that is owned by a 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 the trading partner.
To correctly account for the two types of commingled stocks, you can set a processing option in these systems:
System |
Programs |
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Bulk Stock Inventory |
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Transportation Management |
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