Creating loan orders and lease orders in Maximo for Aviation v7.6.2.1

Answer

You create a loan order to track a piece of equipment that is borrowed from a vendor, for a specified period of time, typically for no charge.

You create a lease order to track a piece of equipment that is leased from a vendor, for a specified period of time and cost, which is typically described in a contract.

Before you begin
If the part is included in a contract, in the Contracts application, open the contract line for the part and indicate whether shipment time is included in the loan or lease and specify the duration of the shipment time.

About this task
You can create a loan or lease order in the Purchase Orders application, the Purchase Requisitions application, or the Request for Quotations application. The following procedure provides an example of creating a loan or lease order in the Purchase Orders application.

Procedure

1. Open an existing purchase order, or create a new one.
2. On the PO Lines tab, add a new row.
3. In the Line Type field, select the Service option.
4. In the Service Type field, select one of the following options:
• Lease Part
• Loan Part
• Lease Tool
• Loan Tool
5. In the Part Number field, specify a part number.
6. In the Serial field, specify the serial number of the part that is loaned or leased by the vendor.
7. Specify the dates for the loan or lease.
8. Indicate whether shipment time is included in the duration of the loan or lease.
9. Save the changes.