A rental posting policy defines the steps in the rental process. You apply the policy to rental transactions and tailor it per item or product. For example, one item may need warehouse picking, while another does not. The policy also separates processes for sales and purchases.
The rental posting policy also defines how rental transactions update the on-hand rental inventory. Per sub status, it defines how rental and sub rental are controlled and which processes can use the inventory.
You assign the rental posting policy to a rental type in the Rental posting policy field. See Create rental type.
Steps
Go to Business objects > Setup > Rental posting policies.
Click New.
In the Policy ID field, type a meaningful ID.
In the Name field, type a meaningful name.
Click Save.
Note
When you save the policy, a policy rule line is added for each sub status. You can change the settings on these lines, except the Sub status field.
Sub-task: Set up availability.
Expand the Availability section.
Set the Include in availability overview option.
This option increases or decreases the on-hand rental inventory when transactions with this sub status group are processed.
Options:
Yes: Rental transactions update the on-hand rental inventory.
No: The on-hand rental inventory is not updated, and the on-hand check is skipped.
Set the Allow negative rental inventory option.
This option controls whether the on-hand rental inventory is checked when a rental transaction is processed.
Options:
No: Posting is blocked when the on-hand rental inventory is insufficient.
Yes: The on-hand rental inventory is not checked. For rental transfer journals, a warning is shown and the journal is posted.
Note
This setting applies to rental order confirmation, packing slips and picking.
It also applies to rental transfer journals that move stock to another warehouse. This includes bulk and serialized rental types, and journals posted from Rental Logistics Scanning.
Transfers between locations in the same warehouse are never checked.
Set the Allow overlapping transactions option.
Options:
Yes: You can assign business objects to rental transactions with overlapping periods.
No: You cannot assign a business object to overlapping rental transactions.
In the Rental inventory time precision field, select a value.
This value rounds off the time of rental transactions when the rental inventory is updated.
Note
This field is only available if Include in availability overview is set to Yes.
Sub-task: Set up policy rules.
Expand the Policy rules section.
Select the line of the sub status that you want to set up.
In the Rental control field, select the level of control for the rental sub status.
Options:
Disabled: The sub status is not applicable.
Enabled: The sub status can be used, but is not mandatory.
Mandatory: The sub status is mandatory.
In the Sub rental control field, select the level of control for the sub rental sub status.
Options:
Disabled: The sub status is not applicable.
Enabled: The sub status can be used, but is not mandatory.
Mandatory: The sub status is mandatory.
Select the processes for which the inventory on rental transactions with this sub status is available:
Available for purchase: For new purchase orders.
Available for sub rental: For new sub rental orders.
Available for sales: For new sales orders.
Available for rental: For new rental orders.
Available for work order: For new work orders.
Repeat steps b to e for each sub status.
Click Save.
Close the page.