Consignment Inventory

Clear Spider gives visibility to both the customer and the supplier so you can effectively manage consignment inventory.

What is Consignment Inventory?

Consignment is inventory that is owned by the supplier, but is in the possession of the customer. The customer stores the supplier’s stock in their inventory, but does not purchase the stock until they consume or sell it. Customers can use or sell their suppliers’ stock directly from their warehouse.


Why Use Consignment Inventory?

As a supplier, using consignment inventory management saves you the cost of stocking your inventory. As a customer, you will not need to tie up your cash in your inventory since you will be purchasing stock as you consume it.

  • Reduce Paperwork
  • Reduce Write Offs
  • Improve Customer Service
  • Increase Turnover and Sales
  • Increase Visibility

How Clear Spider Can Help

The Clear Spider consignment inventory management function effortlessly manages inventories you own at your customers’ locations. With our system you will retain ownership over your inventories and gain complete control over your consignment stock. You will be able to plan for replenishment, manage your inventories, and gain insight into consignment levels. Clear Spider can give your customers access to enter real-time information about receipts, adjustments, shipments, allocations, cycle-counts and physical-counts. With these real-time updates, you won’t have to worry about where your stock is or how much stock you have stored at your customer locations. This results in maximized customer service while minimizing your stock-outs.


Consignment Inventory Features

Allocations

Allocations are a soft reservation of an item generated by the creation of an outbound order, and does not restrict access to the item by other orders.

Automatic Replenishment

Our system checks each item marked for replenishment against the minimum, maximum, and reorder points. If items need to be replenished, a purchase order will automatically be created with the appropriate quantities to bring you back up to your desired stock levels.
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Integration

Do you have consigned inventory and an existing internal inventory management system? Don’t worry about it. Clear Spider can integrate with your existing inventory or ERP system.
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Inventory Valuation

Inventory valuation gives you the visibility to see fluctuations in the pricing of your inventory. You will always know the value of your stock across your warehouses and at customer locations.

Periodic Usage Reports

Periodic Usage reports will show the daily, weekly or monthly usage of your products over a specified period of time. These reports display the amount of stock consumed within a selected time period, allowing you to keep track of your inventory levels at your customer locations.

Simple Browser

Our intuitive design makes it simple to track and manage your consigned inventory. Filter items based on location, store customer information in the system, and customize user permissions individually for each customer.
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Support of Multiple Inventories

No need to worry about having two or more inventory management systems – Clear Spider allows your company to handle both consignment and non-consignment inventories at your customer sites.

Schedule a Demo

Fill out the form below to schedule a demo and get more information about the Clear Spider Small Business Solution.