Taking Consignments in Vend

Taking Consignments in Vend

Consignment Orders - 

In consignment shops, it is usually understood that the consignee (the seller) pays the consignor (the person who owns the item) a portion of the proceeds from the sale. Payment is not made until and unless the item sells.

Managing consignment orders in Vend -

  • Create all the products received on consignment in Vend using the product import process or by using the add product option in Vend.
  • Set the supplier as the consignor while creating the product and set the supply price and the retail price.

Note - 

    No inventory will be set using a PO for these products as they are not owned by the consignee.

  • Sell the product to the customer using the normal sales processes available in Vend. The product will go in a negative inventory after the sale.
  • Create a PO for this product to account for the COGS and nullify the negative inventory when the the consignee pays the consignor. Please note that the amount paid to consignor will be considered while creating the purchase order.

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