Introduction
Overview
The consignment process is keeping the stock in customers premises, but until the customer consumes or sell it, it will be a part of the company. (It is not mandatory that we should stock the consignment stock in the customer's premises, we can store it in the company premises too).
Business Case
In Trading company vendor who stores their drill bits in customer place as consignment stock and if customer received an order. stock will move from consignment warehouse to customer warehouse and they raise sales invoice for the product and receive the payment from the consumer . According to the customer sale invoice amount will be payable to the vendor.
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