Let’s talk about the Consignment module, which is designed to help you track consigned parts that are sold through third parties. This is the last module in the Materials module group.
Sell Items at a Consignment Location – When a consigned part is sold, you’ll need to create a sales order that reflects that sale. You can even auto-fulfill sales orders as soon as they’re created.
Move Inventory to a Consignment Location – Use transfer orders and purchase orders to move inventory to consignment locations. Just click on the Transfer Order or Purchase Order button in the toolbar and then follow the instructions in the wizard that appears.
Adjust Inventory in a Consignment Location – Select a location, click on a certain item in that location, and then move, cycle count, or scrap the inventory to adjust the numbers however you like.
Transfer Inventory from a Consignment Location – Click the Create TO button to launch the Transfer Order Creation wizard. Then just fill out the forms with the appropriate information, including the part(s) being transferred and the locations they’re going to and from.
Next week we’ll begin taking a look at the Sales module group.
Robert Lockard is a copywriter with Fishbowl. He writes for several blogs about inventory management, manufacturing, QuickBooks, and small business. Fishbowl is the #1-requested manufacturing and warehouse management software for QuickBooks users. Robert enjoys running, reading, writing, spending time with his wife and children, and watching movies.