Agent Consignment Stock
Manage the stock you have consigned to agents with Triumph ERP’s Agent Consignment Stock
Putting stock on consignment out in the field with agents and representatives can be a great business strategy. But without proper systems in place to monitor and control your consignment stock, it can become more trouble than it’s worth, or even worse, cost you money.
Triumph ERP makes it easy for you and your agents to manage your consignment stock and allows you to focus on the important business aspects, like sales.
In the back-end, the consignment stock for each agent is managed in a separate stock location. On the front-end agents can see and work directly with their consigned stock. They can inquire, request stock, receipt stock, report sales and forecast sales. The agents are literally managing their stock in your system for you.
It allows you to know precisely what stock you have with what agents and what the value of this stock is. It also allows your agents to:
- Request consignment stock
- Receive stock in on consignment
- Report sales of consignment stock
- Forecast monthly sales figures
This is all done through a clean, easy to use, web interface that is directly connected to Triumph; empowering your agents to be more involved and directly connected to your company. Each agent has their own stock listing that they can easily filter by supplier, product group or partial description.
When a request is submitted, an internal stock transfer request is raised in Triumph ERP, and immediately emailed to the warehouse for action. The warehouse can then pick these goods and ship them back to the agent who receipts them in when they arrive, tracking the stock at all points. Internally in Triumph, stock is automatically moved from being warehouse goods, to goods in transit, to being goods on consignment with the agent. With the additional Consignment Stock process, if goods are not available at the warehouse, the system can automatically raise a consignment stock request from your supplier to be directly shipped to the agent. This makes the whole process far easier to manage and control.
On a regular basis, the agents use another web screen to record their sales of consignment stock. Again, this information flows electronically into Triumph ERP and ultimately becomes an invoice that is sent back to the agent.
For companies that have field agents that work with consignment stock, there is finally a system that will control and manage all different aspects of this in a single, fully integrated, easy to use way. That’s Triumph.
Simply start with the Standard Base Pack, consisting of 6 modules, then add one or more of the remaining 36 fully integrated modules that are relevant to your business needs12.
2 Agent Consignment Stock Module is a web module and is based on a monthly charge with a minimum 12 months subscription. Contact your dealer to learn more.