consignment stock

Cos linear is just consignment stock and you know job there.

Only after a customer actually uses the consignment stock may an accounts payable be created.

Consignment stock is stock legally owned by one party, but held by another.

As ownership of consignment stock is not transferred until use, invoicing is not immediate.

Also known as "on consignment" or "consignment stock".

Ownership of consignment stock is passed only when the stock is used (issued or sold in the case of a shop).

Consignment Stocks.

If you are holding call-off stocks for a customer but can't meet the above conditions, you have to treat them as consignment stocks.

Consignment stocks are goods you dispatch to another EU country where they're held somewhere before you finally supply them to a customer in that country.

A detailed Information Sheet on call-off stock and consignment stock is available on the uktradeinfo website (see also paragraph 21.9).

Due to the European VAT rules, it is easier to have a consignment stock between EU countries.

In fact I must admit, I hinted to Dave if if linear will do consignment stock for, why shouldn't we if we're only forty minutes away.

To account for a replenishment of consignment stock at a customer site, a manufacturer must credit inventory and debit customer consignment stock.

The consignee may take goods from the consignment stock for use or resale subject to payment to the consignor agreeably to the terms bargained in the consignment agreement.

Supply Chain Solutions: Just-in-time delivery, Kanban, consignment stock and Electronic Data Interchange (EDI)

Consignment stock occurs when you transfer your own goods to another Member State to create stocks under your control, from which supplies will be made by you, or on your behalf, in that Member State.

In other cases, the product may be in the possession of the retailer but is not owned by the retailer until the sale takes place, meaning that the retailer simply houses (and assists with the sale of) the product in exchange for a predetermined commission or profit (sometimes referred to as consignment stock).