Consignment Management in Odoo 12
Consignment is a business arrangement in which a business, also referred to as a consignee, agrees to pay a seller, or consignor, for merchandise after the item sells. In consignment circles, the seller who supplies the product to the retail store is known as a consignor: The buyer, who is the store owner or merchant, is called a consignee. The business accepts items for sale and agrees to pay the seller a percentage of the proceeds if and when the goods do sell.
Consignment is an agreement between an owner and a third-party consignee whereby the consignee agrees to sell the owners goods in exchange for a fee. The major disadvantages of the model to the business owner dependence on sellers to provide a steady stream of inventory. The major disadvantages to sellers are receiving less than could be earned by selling direct to buyers online.
Firstly, you have to enable the Consignment option under the Inventory application.
Go to Inventory -> Configuration -> Settings and tick the checkbox Consignment.
You can choose an owner from the ‘Owner’ field and you want to set the owner for this individual reception to click on the ‘Assign Owner’ button.
When you want to set the individual owner for each product in the reception through the order lines option.
At that time you click the button in the order line, you get a ‘Detailed operations’ tab of the order line. Utilizing this, now you can assign the owner for the product through that order line.
Now you can view all the details about the consignee stock from inventory,
go to Inventory -> Reporting -> Inventory Report
In the Inventory module, when you want to view who has owned the product.
Now you can see the quality details in the inventory report tab and the consignee stock will not reflect in the current inventory.
The quantity of product seen as zero, because the two quantities of this product are owned by another person, therefore it doesn’t get reflected as current inventory.
Also, you can create sales orders based on the consignee stock. While creating the delivery order, one can select the owner for the order, eventually, the stock will be delivered from the consignee stock, and will not affect the current inventory.
Go to Inventory -> Reporting -> Inventory Valuation.