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If part number doesn't exist in the PMI, check in the 'PMI' system to verify for accuracy of the part number. If not listed in PMI or Wings systems, then check if on the 'ILS' inventory locator service. Part can be entered with the approval from AMES, Inc. Storekeeper.
F. If a stocking location exists for the part, then it will be stocked in the same bin box for individual consignment. All consignment materials owned by different companies will be kept separately and in a segregated location for each individual consignment. All expendables, repairable, and rotables should be stocked together in like classes in same aisle.
2. AMES Sales
A. All sales, quotes, loans, and exchanges made to AMES Material Services, Inc. from consignment inventory will always be quoted with the consignor's best interest and adequate market research.
B. AMES, Inc. (active inventory) purchasing buyers will contact AMES Material Services, Inc. with part number, quantity, and condition.
C. AMES Material Services, Inc. will complete a stock check on said parts to verify quantity, condition, and tag information for active inventory.
D. The AMES Material Services, Inc. Rep. will contact repair facilities for repair and overhaul quotes and lead times for each part requiring recertification.
E. The AMES Material Services, Inc./AMES, Inc. (PMI) buyer will obtain two quotes equal condition from market, via 'ILS'.
F. If the two quotes are not within 80% of each other, then a third quote will be required and the average will be used as market value.
G. If AMES Material Services, Inc. is selected as the vendor, AMES Material Services, Inc. (PMI) purchase order will reflect the full 100% of the purchase price.
H. Depending upon the consignment inventory, Accounting Department will deduct commission from the AMES, Inc. purchase price to the consignor.
3. Outside Sales
A. All quotes and sales from the consignment inventory by AMES Material Services, Inc. sales personnel will be handled with the consignor's best interest and best possible market price for their material.
B. Use the same procedures that you use for a quote from AMES Material Services, Inc. material, see Chapter 07, Section 1, Items A and B.
C. Use the same procedures for a sale in consignment as an AMES Material Services, Inc. sale as described in Chapter 07, Section 1, Items A and B.
D. Supervisor of AMES Material Services, Inc. will approve all parts requiring overhaul or upgraded.
E. Consignment customer's account will reflect the same terms as customer's account in AMES Material Services, Inc. inventory.
F. No warranties will be given, expressed, or implied when quoting or selling out of consignment material. Only warranties can be given is by the overhaul facility, which is usually one year from date of repair. We can only guarantee that an 'as removed' part is repairable.
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