Confirm stock conversion details

Select the “Confirm Stock Conversion” link under the “Stock Conversion” business component.

The “Confirm Stock Conversion” page appears.

The system displays the following:

Date Format

The format in which the date fields are displayed in this page. This format is displayed from the “User Preferences” business component based on the login user ID. In case the format is not defined, the system displays the date format from the “Enterprise Modeling” business component by default.

Enter the following fields in the “Search Criteria” group box, to search for the stock conversion document you wish to authorize or cancel:

Stock Conversion #	The number identifying the stock conversion document to be processed (Alphanumeric, 18). You can enter the number in full or specify it partially using the “*” character. Select the data hyperlink to open the “Edit Stock Conversion” page, if you wish to modify the stock conversion document.
Warehouse #	Use the drop-down list box to select the number identifying the warehouse for the login organization unit and the “Stock Conversion” transaction type. The system lists all the warehouses that have already been defined in the “Create Warehouse Information” activity of the “Storage Administration” business component, that are in “Active” status.
Category	Use the drop-down list box to select the category of the stock conversion document to be processed. The system lists all the quick codes of the type “Category” defined in the “Create Quick Codes” activity.
Part #	The number identifying the part available in the stock conversion document you wish to authorize (Alphanumeric, 40). You can enter the number in full or specify it partially using the “*” character. The system lists all the stock conversion documents, which contain part numbers similar to the value entered here.
Part Type	Use the drop-down list box to specify the type of the part from “Raw Material”, “Component”, “Expendable”,"Miscellaneous", “Tool”, “Consumable”, and “Kit”. The system displays “Component” by default.
User Status	Use the drop-down list box to select the user status of the stock conversion document. The system lists all the quick codes of the type “User Status” defined in the ‘Create Quick Codes” activity, that are in “Active” status.
Conversion Type	Use the drop-down list box to select the type of the stock conversion transaction. The drop-down list box displays the following: Ownership and Stock Status. To retrieve stock conversion transactions that affected ownership or stock status of parts, select the relevant value from the drop-down list box.

Click the “Search” pushbutton, to retrieve the search results.

Based on the filter criteria entered, the system retrieves the stock conversion documents in the “Search Results” multiline.

The system displays the following in the “Search Results” multiline:

Stock Conversion #	The number identifying the stock conversion document.
Warehouse #	The number identifying the warehouse.
Category	The category to which the stock conversion document belongs.
User Status	The user status of the stock conversion document.
Created Date	The date on which the stock conversion document was created.

Select the stock conversion document for authorization or cancellation in the multiline.

Confirm conversion

Click the “Confirm Stock Conversion” pushbutton, to authorize the selected stock conversion documents.

The status of the stock conversion document is updated to “Authorized”.

The system stores the login user ID and the server date along with the authorization details.

The system performs the following on clicking the “Confirm Stock Conversion” pushbutton:

Ownership/stock status conversion

If the stock status of the part is converted from Customer/Supplier owned stock status to Internal, the system carries out the following:

a) Increments the total value of the part by the consignment value, in the “Stock Maintenance” business component.

b) The ownership of the part is set as “Internal”, if the part type is "Component". The system updates the ownership and component history details in the “Aircraft” business component, and increments the total value of the part by the computed value, in the “Stock Maintenance” business component.

If the stock status of the part is converted from Internal to Customer/Supplier, the system carries out the following:

a) Reduces the total value of the converted part from the inventory, in the “Stock Maintenance” business component.

b) Updates the ownership as “Supplier/Customer” for parts of type other than “Component”, in the “Stock Maintenance” business component .

c) Updates the ownership of the part of type “Component” as “Supplier”, the possession status as “PBH” and the owning agency as “Supplier”. The component history details are updated in the “Aircraft” business component.

If the stock status of a part is converted from Customer/Supplier stock status” to Internal, the system carries out the following:

Updates the total value in the “Stock Maintenance” business component, based on the “Valuation Method” of the part set in the “Part Administration” business component.

a) For parts with valuation method as Standard Cost

Total Value = Standard Cost * Total quantity of stock converted

b) For parts that are lot-controlled or serial-controlled, or both lot-controlled and serial-controlled, with valuation method as Actual Cost,

Total Value = Standard Cost * Total quantity of stock converted for each of the (lot / serial)

c) For parts that are lot-controlled or serial-controlled, or both lot-controlled and serial-controlled, with valuation method LIFO,

Total Value = LIFO rate * Total quantity of stock converted for each of the (lot / serial)

d) For parts that are lot-controlled or serial-controlled, or both lot-controlled and serial-controlled, with valuation method FIFO,

Total Value = FIFO rate * Total quantity of stock converted for each of the (lot / serial)

e) For parts with valuation method as Weighted Average

Total Value = Weighted average * Total quantity of stock converted.

The system generates an issue document for the stock status converted part, if there is a “AOG” or “Normal” pending material request for the part, and updates the quantity details in the “Stock Demand Management” business component. The system automatically prints the “Material Movement Document” on creation of issue document.
If there is a pending material request of “Low” priority for the stock status converted part, the system replenishes the stock level of the part in the “Stock Maintenance” business component and updates the quantity details in the “Material Request” business component.

Note: The system allocates parts against the material request in the order of “AOG” priority, “Normal” priority and “Low” priority.

Note: For “AOG” and “Normal” material requests if the preferred condition of the requested part is available, then only those parts with the specified condition will be allocated.

Note: The system posts the account details in the “Account Group” business component.

Replenishment document Creation

During the confirmation of Stock Status Conversion, if the Stock Quantity for a Prime part goes below the Min. Quantity or Reorder level, then a Replenishment document (i.e. PR/PO/ST) will be generated based on the Replenishment Parameters defined for the Prime Part # / Requested Part # (if Requested Part is self-prime) in the “Maintain Warehouse Planning Parameters” activity of the “Storage Administration” business component.

Asset Disposition

If customer-owned part is converted into an internal-owned part, the part is retired/phased out of operations.

Condition conversion

If the condition of a part has changed owing to stock conversion, the system computes the cost of the converted part (or serial #/lot # of the part) on the basis of the new condition using Cost Based Valuation method, if “Adjust Actual Cost” for the part is set to “Condition Based” in the Part Administration component.

CAPEX Proposal # check

If "CAPEX Validation Required for Consignment Conversions" is ‘Yes in the "Set Parameters - Fixed Assets" activity of Company Parameter Setup, a stock status conversion of a Serial-Controlled ‘Capital’ part from Consignment stock status to an Internal stock status is possible only on the availability of sufficient CAPEX Proposal # budget balance.

Cancel conversion

Click the “Cancel Conversion” pushbutton, to cancel the selected stock conversion document.

The status of the stock conversion document is updated to “Cancelled”.

The system updates the stock value as zero, if the “Expensing Policy” of the part in the Stock Conversion document is “On Receipt”.

The system stores the login user ID and the server date along with the cancellation details.