Supplier consignments

Overview

Supplier consignment is when you keep stock on your premises that you do not own, on the condition that you will purchase the stock when it is sold.

Supplier consignments are not available by default. You can request Cin7 Omni support to enable this for you.

Create a consignment

Before you create supplier consignments, make sure each product has a preferred supplier in the product settings.

From the navigation, select Purchases then select Supplier Consignments.
Click New Supplier Consignment.
Enter the supplier details in the top section of the transaction.
Enter the products in the grid below.
Approve the transaction, and email to the supplier if required from the Admin screen, if not, select Save to proceed.

When stock arrives from the supplier

You need to update the supplier consignment when you receive the supplier's stock.

Search for the consignment from the Supplier Consignment.
Select the Transaction Reference to edit the Supplier Consignment.
Enter a Fully Received Date to bring the products into stock.

Products will appear in your SOH but they will not be counted as stock that you own.

Purchase consignment stock based on sales

If you sell any of your consignment stock, you will need to purchase that stock from your supplier. This typically happens at the end of each week or month, depending on the agreement with your supplier.

Cin7 Omni can calculate what you need to purchase based on what you have sold. This makes it very easy to create Purchase Orders quickly.

To make a purchase:

From the navigation, select Purchases, then Supplier Consignment.
Select New Supplier Consignment.
Enter the supplier details in the top section of the transaction.
Enter the products in the grid below.
Approve the transaction.
While in the Admin page, hover over the Actions, then Create Purchase Order from Consignment.
Enter quantity amount or choose Select All to autofill the quantity.
If transferring stock into a current Purchase Order is required, enter a Purchase Order reference into the Transfer Into Ref.
Select Create Purchase Order from Sales Order once the order is ready for processing.
This will create a Purchase Order or stock would be transferred if Transfer Into Ref option is used.
Review the Purchase Order and confirm before Approving.

You should not receive new stock back into the system so make sure the Qty Received column is not populated.

Once you have created a Purchase for a supplier, this is recorded for your reference with the Supplier Consignment.

Once all goods from a consignment have been sold and purchased, it is possible to enter a Completed Date in the Supplier Consignment to remove it from the Open Consignments module.

FAQs

Is it possible to make a Branch Transfer of Supplier Consignment stock?

Yes. Consignment stock can be transferred just like a normal stock.

Should I count my consignment stock when I do a stocktake?

Because you don't own this stock, you should avoid counting consignment stock when doing a stocktake. Entering counts for these products will adjust in additional stock as if you own them already.

How do I credit consignment stock?

If you didn't sell the consignment stock, you can return that stock back to the supplier.

However, if there is a certain number of consignment stock that you would like to keep with you until you can sell it, update the quantities that you will actually keep within the consignment itself. The remaining consignment stock which you are no longer planning to sell can be removed from the consignment and returned back to the supplier.

To return your consignment stock:

Open the supplier consignment that you are returning the stock for.
Click the Qty Received.
Change the Qty to the number that you still have after returning. If you received 10 and are returning 7, enter 3.
Save the consignment.