Construct · 1 fields · 1 citations

consignment: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
consignment1 CONSTRUCTConsignment stockCONSIGN · STOCK

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Supply chain management

Supplier-owned stock held at the buyer until used

In supply chain management, consignment stock is inventory a supplier places at the buyer's site while retaining ownership of it until the buyer draws it down for use or sale, at which point payment is due. The construct is a financing and inventory arrangement that shifts holding risk upstream while keeping material close to the point of demand. Valentini and Zavanella's 2003 The consignment stock of inventories analysed the costs and performance of such agreements in an industrial case. Here consignment denotes a vendor-owned buffer of stock, distinct from goods left with an agent to sell or a shipment in transit.[1]

Unit
Supplier-owned stock held at the buyer, with holding cost split by agreement
Recovery means
Not applicable
Measured by
Assessed by stock levels, holding and stockout costs, and the division of those costs between supplier and buyer

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Nearby constructs

agency6 fields · 12 citationsjingle · one name, six constructsagent3 fields · 5 citationsjingle · one word, three constructsagreement4 fields · 7 citationsjingle · one word, four constructs

References

  1. Valentini, G., & Zavanella, L. (2003). The consignment stock of inventories: Industrial case and performance analysis. International Journal of Production Economics, 81–82, 215–224. https://doi.org/10.1016/s0925-5273(02)00300-6

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