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Consignment Inventory Management

Out of the box, GP does not have a good consignment inventory management program.  What can be done would be to flag the consignment products by an Item Class or by using one of the Option fields.  Now, as sales orders are issued, reports can be run that list items sold that are consignment items.  The appropriate paperwork (invoices) can be generated to pay the vendors for these items.

Purchasing can be used to order and receive the items.  Now your Received Not Invoiced report will show the inventory consigned assuming the report is modified to show only items marked consigned.  When the invoice mentioned above is generated, it is matched to the oldest receipt for the item sold, removing the items from the Received Not Invoiced list.

Items will remain on the Received Not Invoiced report until they are sold, but this is exactly what consignment means!