Consignment Inventory

What is Consignment Inventory?

Consignment Stock

Consignment Inventory gives visibility to both parties so you can manage consignment inventory effectively.

What is consignment stock?

Consignment is a stock that belongs to the supplier but is in the possession of the customer. The customer stores the supplier's inventory in their inventory, but does not purchase the inventory until they consume or sell it. Customers can use or sell their suppliers' inventory directly from their warehouse.

Why use consignment inventory?

As a supplier, using consignment inventory management saves you the cost of stocking your inventory. As a customer, you won't need to tie the money into your inventory, as you'll be buying inventory as you consume it.

Reduce paperwork

Reduce write offs

Improve customer service

Increase turnover and sales

Increase visibility

Consignment stock resources

Allocations

Allocations are a temporary reservation of an item generated by the creation of an outgoing order and do not restrict access to the item by other orders.

Automatic Replenishment

The system checks each item marked for replenishment against the minimum, maximum, and re-order points. If items need to be replenished, a purchase order is automatically created with the appropriate quantities to bring it back to desired inventory levels.

Integration

Do you have consigned inventory and an existing internal inventory management system? Don't worry about it. Consignment Inventory can be integrated into your existing inventory or ERP system.

Stock valuation

Inventory valuation gives you the visibility to see fluctuations in the prices of your inventory. You'll always know the value of your inventory in your warehouses and in customer locations.

Periodic usage reports

Periodic usage reports will show the daily, weekly, or monthly usage of your products over a specified period of time. These reports display the amount of inventory consumed within a selected time period, allowing you to track your inventory levels across your customers' locations.

Simple Browser

The intuitive design makes it simple to track and manage your consigned inventory. Filter items based on location, store customer information in the system, and customize user permissions individually for each client.

Multi-stock support

There's no need to worry about having two or more inventory management systems – Consignment Inventory allows your company to manage consignment and non-consignment inventory at your customers' premises.

System Requirements:

CPU: 1.8 GHz dual core processor

RAM: 2 GB

HDD/SSD: 50 GB of free space on main drive

Operating system: Microsoft Windows 10, Microsoft Windows 8 32-bit, Microsoft Windows 7 32-bit, and Microsoft Windows Vista 32-bit

Resolution: 1024×768

Supported Operating Systems

Mac OS X 10.5x (Leopard), Mac OS X 10.6 (Snow Leopard), Mac OS X 10.7 (Lion), Mac OS X 10.7 (Mountain Lion), OS X 10.9 (Mavericks), and Mac OS X 10.10 (Yosemite)

Hardware requirements

Memory - 1 GB RAM and more

Free disk space - 50 MB

System type - 32-bit and 64-bit OS