Last updated 23/01/2021
Supplier Consignment stock is stock that you keep on your premises that you do not own, on condition that you will purchase the stock after sale.
The supplier Consignments module is not switched on by default. If you require the use of this module, request it to be enabled from your Cin7 Onboarding specialist or Cin7 Support.
To create a supplier consignment:
When stock arrives from the supplier:
Note that though the products will appear in your SOH, they will not be counted as stock that you own.
If you sell any of your consignment stock, you will need to purchase that stock from your supplier. This typically happens at the end of each week or month, depending on the agreement with your supplier.
Cin7 can calculate what you need to purchase based on what you have sold. This makes it very easy to create Purchase Orders quickly.
To make a purchase:
Note that once you have created a Purchase for a supplier, this is also recorded for you reference with the Supplier Consignment.
Once all goods from a consignment have been sold and purchased, it is possible to enter a Completed Date in the Supplier Consignment to remove it from the Open Consignments module.
Yes. Consignment stock can be transferred just like normal stock.
Because you don't own this stock, you should avoid counting consignment stock when doing a stocktake. Entering counts for these products will adjust in additional stock as if you own them already.
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