INVENTORY

Consignment

Consignment is the process of selling our products/ services via a third party. The consignor (the third party) will store them before selling them to their customers. Online stores and eCommerce employ the principle of consignment. The retailers don’t need to keep a permanent inventory in the case of consignment.

Open the Settings menu from the Configuration tab. Under the Traceability section, activate ‘Consignment.’

Enabling this option will allow you to set an owner for the products/ consignees while creating receipts. The system will assign the products to the respective consignees when you validate these receipts.

Give the consignee's name in the Assign Owner field and click on ‘Validate.’

Now, let us delve into the functionalities of the Reporting feature.