I have been asked many times on how to manage a rental in ByDesign. Here, I reveal my secret solution, which is simple and easy. Note that you will need some base knowledge in Products, Services, and Logistics. These are easily learned via the built-in help.
Note that I am posting this via an old/irrelevant SCN account while the SCN Team figures out how to get me into my normal account.
Step 1: Create a rental material
Create a new Material for your rental product. Make sure it is activated for all Relevant Processes. Make sure to maintain the product cost in Valuation
Step 2: Create a rental service
Create a new Service corresponding to your rental product. Make sure it is activated for all Relevant Processes. Do not maintain a service cost in Valuation.
Assuming you have stocked up on this item (you may even consider creating a separate Rentals logistics area, but let’s keep it simple for now.
Click Submit > Release Order.
Step 4: Deliver the rental item
Run the Release Due Deliveries Run in Outbound Logistics
Control. In Outbound Logistics > Delivery Proposals, Post Goods Issue. Your
inventory for this item will be reduced by the amount in the Sales Order.
Step 5: Invoice the Customer for the first week
Step 6: Monitor Sales Order and Release Execution Each Week to Invoice the Customer
Each week, edit the sales order and complete execution on a week’s rental. Complete Execution for each week as each week occurs. Do this by selecting the line item and select Complete Execution.
Step 7: Assume the rental term is completed and each rental week has been invoiced.
Step 8: In Inbound Logistics > Task Control, simply Confirm the put-away task.
Now your rental product is back in stock and you can rent it out again.
RENT AWAY, YOUNG SPIRITS!!
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