The Ins and Outs of Consignment Sales
Consignment sales entail a trade agreement between manufacturers and retailers whereby the retailer is only obliged to pay the seller if the goods in question sell. This offers the seller a way to get manufacturing inventory some exposure to the buying market, and also protects retailers from risk. In this article, we outline what consignment [&hel ... Read More
January 6, 2018 consignment inventory, seasonal demandAll About Consignment Sales
Consignment sales are a very interesting approach to selling products. Like any sales strategy there are always advantages and disadvantages to any approach. Consignment is effectively when a supplier stocks their goods in another retail store or outlet. The catch is that the store or outlet has not yet purchased the inventory. In the consignment [ ... Read More
December 7, 2017 consignment inventory, inventory controlTo Consign or Not To Consign?
Unless you’re in the transportation business, you usually own the inventory in your possession. Not so when you hold consignment inventory. Inventory that is on consignment refers to stock that a business has in its possession, but which it does not legally own. When a business holds stock on consignment, the supplier (and owner) of […] ... Read More
December 1, 2017 consignment inventory, inventory costConsignment Inventory – How It Works
Essentially, consignment inventory is when the supplier has their goods in another retail store or outlet. This can be a profitable business endeavour! ... Read More
April 24, 2017 consignment inventory, supply and demand, tracking inventory, wholesale, wholesaler reputationHow does consignment inventory work?
Consignment inventory is a useful arrangement that allows a supplier and a retailer to create a “win-win” scenario through the sharing of risk. ... Read More
March 21, 2017 business capital, consignment inventory, holding costs, shared risk, supplier managementConsignment inventory explained
Whether you're a supplier looking to get your products into retail or a retailer seeking product variety, there are benefits to consignment arrangements. ... Read More
December 1, 2016 consignment inventory, customers, purcahasing, serial number tracking, suppliersSharing Inventory Risks: An Introduction to Consignment Stock
Consignment inventory is stock that is in the retailer’s possession, but is still legally owned by the supplier. It occurs where the supplier has placed some products in the retailer’s control and allows them to sell or use the goods directly from their stock. Only once the product has been consumed or resold by the retailer is the i ... Read More
June 15, 2015 consignment inventory, inventory management