The module for is designed to streamline the management of consignment operations. It enables businesses to handle consignment stock efficiently, automate sales and purchase processes, and maintain accurate inventory records. This module integrates seamlessly with existing applications, providing a comprehensive solution for consignment management.
Consignment Stock Management: Track and manage products owned by suppliers but stored and sold by your company.
Automated Sales and Purchase Processes: Automate the creation of sales orders and purchase orders for consignment items.
Inventory Valuation: Accurately value consignment stock in your inventory.
Reporting and Analytics: Generate reports to analyze consignment stock levels, sales performance, and supplier balances.
Integration with Applications: Seamlessly integrates with Sales, Purchase, Invoicing, and Inventory modules.
User-Friendly Interface: Intuitive interface for easy navigation and operation.
Multi-Company Support: Manage consignment operations across multiple companies.
Flexible Configuration: Customize settings to fit your specific consignment business model.
Real-Time Data Synchronization: Ensure up-to-date information across all modules.
Secure Data Handling: Maintain data integrity and security throughout consignment processes.
Enhanced Operational Efficiency: Automate consignment processes to reduce manual effort and errors.
Improved Inventory Accuracy: Maintain precise records of consignment stock levels.
Better Financial Management: Accurately track costs and revenues associated with consignment items.
Streamlined Reporting: Generate comprehensive reports for informed decision-making.
Increased Customer Satisfaction: Ensure timely availability of consignment products for customers.
Cost Savings: Reduce overhead costs by efficiently managing consignment operations.
Scalability: Easily scale consignment operations as your business grows.
Compliance Adherence: Ensure compliance with industry standards and regulations.
Enhanced Supplier Relationships: Maintain transparent and efficient interactions with consignment suppliers.
User Empowerment: Equip users with the tools needed for effective consignment management.
Retailer agrees to pay a seller or consignor for merchandise after the item sells or
selling goods (clothing, furniture, etc.) through a third-party vendor such as a consignment store.
the consignee is financially responsible (the buyer) for the receipt of a shipment also includes commision on consigment and multiple reports
Case: 1
Purchase Consignment
Onboard Consignee with consigment terms and conditions or commission details.
Consignee sents us his/her goods.
We will received it in our warehouse and we will add our expenses on it (light bill , cleaning etc)
When we sales his/her goods, there will be commission on that sales sd predefined terms
Topay = (Sales will be added and expenses and commission reduced, that much we have to pay to our Consignee
Case: 2
Sales Consignment
Create a consignment order for consignor and reserved it in define consignment location
Once real time goods are sold at consignment store and based on report send by consignor
We will create sale order in from consignment to customer to adjust inventory and process
Commission should be paid to consigner based on sales
In some cases saleperson goto store and counts goods and based on analysis, internal transfer is made to consigment location
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