How can you efficiently manage your Consignment Inventory?
Our goal is to increase the accuracy of keeping track of the retailer's inventory, informing the consignor about the product's standing in sales status and when it is best to restock. It would allow close monitoring for the consignor and be easier for accounting as it lessens the assumptions and estimations of sold items, decreasing the inaccuracies and loss caused by the constant changes.
Consignment Management System
The system increases accuracy in keeping track of the retailer's inventory, informing the supplier about the product's standing in sales status and when it is best to restock; this is to avoid having dead stocks. Not only would it allow close monitoring for the consignor, but it would also be easier for accounting as it lessens the assumptions and estimations of sold items, decreasing the inaccuracies and loss caused by the constant changes.
To assist in consignment deals to allow more transparency between the consignor and the consignee. Consignment, in general, has more risks on the consignor's side than the consignee's. These risks are mainly due to the inability to keep track of inventory after being passed to the consignee. It leads to inaccurate accounts as all the products are assumed sold. Without the system, the records are potentially vulnerable to error, which will sooner cause issues regarding revenue collection. This problem may lead to penalties and unnecessary spending.
Consignment Management Software for your growing business
All your products, customers, orders, sales, and transactions are synced and secure.
Digital transformation for your Consignment Management
So that, you can nurture a good consignor-consignee relationship.
Use a rule-based conditional approach to route transactions
While remotely working on your accounts, the sales team can input and approve their transactions.
Obtain an accurate status of all your transaction in real-time at a glance
Credit Limit Alerts
Keeps you on the lookout for delinquent customers before processing orders.
Set Sales Order to delivery as soon as the respective Order is approved
Connect with other POS system or other software solution using simple web-based APIs
Converts daily sales offtakes to Charge Invoice
Sales summary from your consignee can be converted to Charge Invoice instantly. Now, you can be liquid as they are.