Have full control of stock managed on behalf of a third party supplier or manufacturer
Managed stock is fully integrated into the system and most stock functions, such as sales orders, picking delivery, invoicing, transfers etc, work transparently. Internally however, Consignment Stock has its own quantity on hand or stock holding and is costed independently.
Consignment Stock functions include the ability to request and receipt stock from third party suppliers/manufacturers, revalue that stock holding, make adjustments, and the automatic allocation of consignment stock at the time of sale, including all accounting journals. As a sale is processed, priority is always given to your own stock holding over any consignment stock holding you may have.
There is also a comprehensive report covering the Consignment Stock holding and its usage for periodic filing and reporting in accordance with third party supplier requirements.
The system also has the ability to on consign stock to other third party agents. It does this by using the Multi-Location Stock module and keeping track of stock at these agent locations.
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 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.