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whats consignment? and whats the procedure to do it?
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Answer Posted / manoj kumar guin
CONSIGNMENT is the business process where the business
appoints consignment agent on behalf of
business .Consignment agents sells the materials to the end
customer (may be on commission basis).Consignment agent
services the material and he sells the material to the end
customer .Consignment agent has the right to return the
materials if he does not want to sell the remainning
goods . Business treats the cosignment stock as a special
stock (indicated in item category ).WE can map the process
in 4 phases ;such as -
1 .Consignment fill-up
2 .Consignment Issue
3 .Consignment return
4 .Consignment pick-up
| Is This Answer Correct ? | 4 Yes | 1 No |
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