If you have access to Consignment receipts in Back-office, you will be able to bring consignment stock in.
NOTE: Before you continue with te steps, please open and read the following link: Guide on how to Receive and Sell Consignment Stock from a Supplier.
NOTE: Buying on consignment (i.e. consignment stock), is an arrangement where the supplier (wholesaler or vendor) leaves his products with a third party (the retailer or consignee), and the retailer will only pay his supplier when he sells the product/s to customers. For example: In the high-end luxury watch market, the retailer (consignee) does not want to take a financial risk on a new watch brand. So, the retailer will offer to showcase the watches without paying the supplier immediately. If a watch sells, the retailer pays the supplier. The watches that do not sell after a period of time gets sent back to the supplier, and the retailer does not lose any money. The steps below explains the process to receive consignment stock from your supplier.
1. In Advantage Back-office, click the left sidebar menu.
2. Click on the Products menu.
3. Open the Consignment Receipts module.
4. Click on the Consignment Received tab.
5. Select the Search for a Product option.
6. Select a Supplier.
7. Type the product code into the "Search Product" field:
8. Click on the Search button
9. The product will be displayed.
NOTE: if the product you are looking for is not displayed, learn How do I search for a product? AND/ OR How do I create a new product?
10. Highlight the required product:
11. Click on the Receive Item button. The "Receive Item" screen will appear.
12. Enter the Qty Received Now and the Unit Price:
NOTE: The unit price is usually pre-negotiated with the supplier and will be used when stock is GRV'd (when creating a Goods Received Voucher) or returned to the supplier. 13. Click on the Add button.
Repeat steps 7 -13 to add more products.
14. The item/s received will appear in the bottom grid:
15. Click on the Save button, on the right-hand side of the screen.
16. The "Save CRV" (Consignment Received Voucher) screen will appear.
17. Enter the Supplier Invoice No.
18. Click on the Save button.
19. A system message will appear: Confirm information before posting?
20. Click on Yes.
21. A system message will appear: Consignment Received Save successful.
22. Click on OK.
NOTE: ONLY a Consignment Goods Received is created on the supplier account. A supplier invoice is NOT created at this point.24. The Consignment Received document will be displayed, you can print the document from here.
NOTE: You can learn How do I return consignment stock?