Consignment stock is legally complex and operationally challenging without ERP. The same physical shelf can contain stock owned by three different parties — ERP tracks each.
Inbound Consignment: Supplier Stock at Your Premises
Stock received on consignment from a supplier is not yours until used or sold. ERP must track consignment quantities separately, generate consumption advice notes, and reconcile with supplier statements.
Outbound Consignment: Your Stock at Customer Premises
Placing your stock at customer premises on consignment enables convenience without ownership transfer. ERP tracks every unit at every customer location, generates replenishment instructions, and invoices on consumption.
Consignment Reconciliation
Monthly reconciliation with both suppliers and customers ensures all parties agree on quantities and values. ERP generates automated reconciliation statements, reducing disputes.
Consignment Risk Management
Stock on consignment at customer premises is your financial exposure until sold. ERP tracks the total consignment exposure by customer and alerts when it exceeds approved limits.
Bizvinc ERP serves 23 industries across Pakistan and the UAE. Book a free demo to see how we solve the specific challenges in your industry.
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