Consignment

Maximize customer sevice, minimize stock-outs.

Business benefits

• Increased customer service
• Reduced write-downs/ write-offs
• Increased visibility into consignment sales
• Reduced paperwork
• Increased sales
• Shorter replenishment cycle-times

Challenges

Some companies are required to place inventories at their customers' locations yet they still retain ownership and some level of control. With most systems this represents a number of issues as companies have little control or visibility over the inventory and their customers offer little in the way to help them.

The solution

Invendia's Consignment solution enables companies to work with their customers to manage inventory that is at customer sites but still is owned by the supplier. This solution enables customers to enter real-time information about receipts, adjustments, shipments, allocations, cycle- and physical-counts, enabling suppliers to plan replenishments, manage inventories and gain insight into consignment levels. This results in maximized customer service while minimizing stock-outs.

Features

• Simple browser (and integration) for consignment customers to enter sales
• Automated replenishment order creation
• Fully tailorable process to support replenishment orders
• Allocations to allow customers to "pull" inventory rather than suppliers "pushing" inventory
• Inventory valuation of inventory at customer sites
• Support for both consignment and non-consignment inventories at customer sites
• Periodic (daily/ weekly/ monthly) usage reports