See the Clear Spider Demo Now!

See the Clear Spider Demo Now!

Consignment Inventory and Stock Management


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, and does not purchase the stock until they consume or sell it. This method allows the customer to use or sell their suppliers’ stock directly from their warehouse. 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.

Benefits

  •        Reduce Paperwork
  •        Reduce Write-Offs & Write-Downs
  •        Shorter Replenishment Cycle-Times
  •        Improve Customer Service
  •        Increase Sales
  •        Increase Visibility into Consignment Sales

Managing your consignment stock can be a drag, especially when misplaced inventory is costing you money. Few inventory management systems are built to support consignment, making it can be difficult to find a solution that allows you to record the exchange of your products without a cash transaction. This leaves your business to use time-consuming manual processes to manage your stock.

Look no further, the Clear Spider Consignment Inventory Management system 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.

I am a supplier of consigned inventory

Simple Browser

Clear Spider’s simple browser makes it easy to manage your consigned inventory at your customer locations. You are able to enter your customer information into the Clear Spider system, as well as any other information related to your consigned items.

The Clear Spider system is user friendly, making it easy for your customers to track their consigned inventory. As a supplier, you can set your customers’ access to view different inventories. You can allow your customers to view both their inventory and your inventory, or only give your customers permission to view their consigned inventory through Clear Spider.

You only want to use Clear Spider to track your consigned inventory? No problem. Clear Spider can integrate with your existing inventory management system, so you will always know what’s in stock internally and at your customer locations.

  1. Use Clear Spider to track your internal inventory and your consigned inventory
  2. Use Clear Spider to track your consigned inventory, but use a different system to manage your internal inventory.

Automated Replenishment Order Creation

Never leave your customers short on stock again with Clear Spider’s Automatic Replenishment and Order Creation feature. Automatic Replenishment checks each of your items marked for replenishment against the minimum, maximum, and reorder points. If items need to be replenished, the system will automatically create a purchase order with the appropriate quantities to bring you back up to your desired stock levels. Automated Replenishment makes it easy to ensure your customers receive their orders exactly when they need them.

Allocations

Allocation 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.

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 also at customer locations.

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.

Integration with Existing Systems

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.

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.

I am a seller of consigned inventory

Simple Browser

Clear Spider’s simple browser makes it easy for you to manage your consigned inventory. You are able to enter supplier information into the Clear Spider system, as well as any other information related to consigned items.

The Clear Spider system is user friendly, making it easy for you to track consigned inventory. As a seller of consigned inventory, you can view both your suppliers inventory and your inventory levels.

You only want to use Clear Spider to track your consigned inventory? No problem. Clear Spider can integrate with your existing inventory management system, so you will always know what’s in stock internally and at your supplier locations.

  1. Use Clear Spider to track your internal inventory and consigned inventory
  2. Use Clear Spider to track consigned inventory, but use a different system to manage your internal inventory.

Automated Replenishment Order Creation

Never be  short on consigned stock again with Clear Spider’s Automatic Replenishment and Order Creation feature. Automatic Replenishment checks each of your items marked for replenishment against the minimum, maximum, and reorder points. If items need to be replenished, the system will automatically create purchase orders and send them to your suppliers. Purchase orders will include the appropriate quantities to bring you back up to your desired stock levels. Automated Replenishment makes it easy for you to ensure you receive orders exactly when you they need them.

Allocations

Allocation 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.

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 also at customer locations.

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.

Integration with Existing Systems

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.

Periodic Usage Reports

Periodic Usage reports will show the daily, weekly or monthly usage of consigned 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 consigned inventory levels.

Want to see more? Schedule a demo to get all your questions answered.

Inventory Management Software Functions

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