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Vol 29 - No 07 - November 2003 Consignment stock The stock of goods at an external customer ’s site that is still the property of the supplier.Payment for these goods is only made to the sup- plier when they are sold or used by the external customer. Consignment stock arrangements are usually put in place to assure continuity of supply to the customer or to reduce the customer ’s working capi- tal or both.While much of the benefit is to the customer,the supplier also benefits because the customer is tied to his product,he does not have to hold stock,and has more freedom in choos- ing when to manufacture or procure additional supplies to replenish the consignment stock. Page number: 27 Word count: 590 Related Topics: Inventory management
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