Written by Symestic | Jun 5, 2024 11:46:32 PM
A consignment warehouse is a warehouse in which goods delivered by a supplier to a retailer are stored without the retailer paying for them immediately. Payment is only made when the goods are sold.
- Warehouse management: Includes the storage and management of goods on consignment.
- Risk minimization: Retailers only pay when the goods are sold.
- Inventory control: Improved inventory control and management.
Benefits:
- Cost reduction: Minimizes financial risk for the retailer.
- Liquidity: Increases the retailer's liquidity.
- Flexibility: Flexible use of goods according to demand.