Consignment management

What is meant by Consignment management?

Consignment management refers to the process of organizing and controlling consignment warehouses, where the supplier (consignor) stores goods at the customer's (consignee) location while retaining ownership until the customer withdraws the goods or an agreed period expires. This system enables efficient inventory management and risk minimization for both parties.

Typical software functions in the area of "Consignment Management":

1. Inventory Monitoring: Real-time tracking of stock levels in the consignment warehouse.
2. Withdrawal Recording: Digital documentation of goods withdrawals by the customer.
3. Automatic Reordering: Triggering of orders when defined minimum stock levels are reached.
4. Invoicing: Automatic generation of invoices based on withdrawals.
5. Expiry Date Management: Monitoring and management of expiration dates for consignment goods.
6. Reporting: Creation of detailed reports on inventory levels, withdrawals, and sales.
7. Supplier Portal: Access for suppliers to view current stock levels and withdrawals.
8. Batch Traceability: Tracking of product batches in the consignment warehouse.
9. Contract Management: Administration of consignment agreements and their terms.
10. ERP System Integration: Seamless connection to existing enterprise software.

Examples of "Consignment Management":

1. Management of a consignment warehouse for medical consumables in a hospital.
2. Consignment management for spare parts in the automotive industry.
3. Management of consignment stocks for office supplies in a large corporation.
4. Administration of consignment goods in the electronics industry for just-in-time production.
5. Consignment warehouse for food ingredients in the gastronomy sector.
6. Management of consignment stocks for tools on a construction site.