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Need Guidance on Consignment Selling or Customer-Owned Inventory Best Practices

edited Jul 19, 2023 7:55PM in Accounting / ERP 5 comments

We are struggling with how to manage customer-owned inventory on several of the eStores we run for our customers. If anyone deals with customer-owned inventory or consignment selling, and is willing to share their practices and procedures, it would be most appreciated.

Specifically, how we would like the flow to go, using a hypothetical Item A, is that we purchase a quantity of Item A for the Customer's eStore and sell it to the top-level customer, recognizing the revenue. That part's fine, but then we don't actually ship out the stock of Item A to the top-level customer. Instead, we hold the stock and when either the customer's employees redeem their budgets on the customer's estore, or they pay by credit card on the estore, we ship the stock to the end user. If the estore sale was by

Pierre J.-L. Plourde
Lead Developer
Beyond Cloud Consulting Inc.
e: pierre@beyondcloudconsulting.com
t: +1 (877) 880-7042 ext 51
73 Iron Block Drive, Brampton, Ontario L7A 0J1

Oracle NetSuite Certified—ERP Consultant
Oracle NetSuite Certified—SuiteCloud Developer II
Oracle NetSuite Certified—Administrator
Oracle NetSuite Certified—SuiteFoundation
Oracle NetSuite Certified—Financial User
Oracle NetSuite Certified—SutieAnalytics User

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