Subcontracting Work Flow
Sub-contracting is the process of engaging supplier firms to perform specific value addition to a product. Typically firms outsource (sub-contract) certain processes that they do not have the capability or capacity to handle internally. Goods, mostly in semi-finished form are sent to the sub-contractors who then do specific value addition tasks and ship the goods back. The ownership of the material remains with the firm and sub-contractors are compensated for the service value addition.
Subcontracting Process includes the following features- Sub-contracting Delivery Challan.
- Print Delivery Challan.
- Receipt of goods from sub-contractor.
- Create sub-contractor invoice.
- Paying sub-contractor.
- Stock balance at sub-contractor.
- Payables to sub-contractor.