Triumph ERP’s Consignment Stock Module provides organisations full control of stock they manage on behalf of a third party supplier or manufacturer.
Managed stock is fully integrated into the system and most stock functions, e.g. sales orders, picking delivery, invoicing, transfers etc, work transparently. Internally however, Consignment Stock has its own quantity on hand or stock holding and is costed independently.
Consignment Stock functions include the ability to request and receipt stock from third party suppliers/manufacturers, revalue that stock holding, make adjustments, and the automatic allocation of consignment stock at the time of sale, including all accounting journals. As a sale is processed, priority is always given to your own stock holding over any consignment stock holding you may have.
There is also a comprehensive report covering the Consignment Stock holding and its usage for periodic filing and reporting in accordance with third party supplier requirements.
The system also has the ability to on consign stock to other third party agents. It does this by using the Multi-Location Inventory module and keeping track of stock at these agent locations.