Supplier Consignment

By using the consignment process for procurement, the supplier provides the material and stores it at site of the procuring party. The supplier maintains the legal owner of the material until it is withdrawn from the consignment stores. Payment for consignment stock is only required in case the material is withdrawn. For this reason, the supplier is informed of withdrawals of consignment stock on a regular basis.

Key Process Steps Covered

  • Manage purchase orders
  • Manage goods receipts
  • Manage stock
  • Settle consignment

Benefits

  • Store supplier goods at own warehouse
  • Access goods at any time
  • Hold billing process until the goods are withdrawn from the warehouse
  • Return goods to the supplier if they are not needed
  • Streamline procurement processes in an efficient and cost-effective manner
  • Ensure highly automated processes
  • Reduce manual effort greatly
  • View analytical list page: Monitor purchase order items