InterviewSolution
| 1. |
What Is The Consignment Stock? |
|
Answer» The consignment stock consists of the items which are kept either at the customer or the business site for the consumption by the customer on the BASIS of a written AGREEMENT between them. The customer has the right to return the GOODS if not further sold or used. Till the time of sales or consumption of such stocks, it remains legally as company's property. Customer only pays to the company only when the stocks are sold/consumed, otherwise he returns the stocks to company. This scenario is used in some special sales related scenario such as PUSHING of stocks to meet an increased sales requirement or, is used for exhibition purpose as WELL. The consignment stock consists of the items which are kept either at the customer or the business site for the consumption by the customer on the basis of a written agreement between them. The customer has the right to return the goods if not further sold or used. Till the time of sales or consumption of such stocks, it remains legally as company's property. Customer only pays to the company only when the stocks are sold/consumed, otherwise he returns the stocks to company. This scenario is used in some special sales related scenario such as pushing of stocks to meet an increased sales requirement or, is used for exhibition purpose as well. |
|