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Question on Consigned Inventory

in Inventory Management 5 comments

Summary:

We have the following Business use cases on Consigned inventory processes and wanted to see if anyone else has these same scenarios and how they have handled it.

Use case 1: Transfer from owned to consigned inventory.

In this scenario, we own certain inventory at our warehouse.  We find a supplier who agrees to take ownership of that material and manage it as consigned inventory at our warehouse. This arrangement promises several advantages such as reduced inventory carrying costs and improved supply chain efficiency.

 Use case 2: Physical Inventory for Consigned Inventory

In this scenario, sometimes during physical inventory we discover unaccounted consigned inventory. We are seeking guidance on how to bring this consigned inventory into the Oracle Cloud ERP system effectively with creating consigned PO.

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