Webcon•sign•ment (kənˈsaɪn mənt) n. 1. the act of consigning. 2. something that is consigned. 3. property sent to an agent, esp. for sale. Idioms: on consignment, (of goods) sent to a … WebOct 27, 2024 · Consignment inventory refers to a business model/agreement or a supply chain approach whereby the consignor (manufacturer, supplier, or wholesaler) gives goods or inventory to the consignee (retailer/ retail store) for them to sell via different sales channels. The consignee pays the consignor only when a customer purchases the goods …
Consignment definition and meaning Collins English Dictionary
WebDec 12, 2024 · A consignor is an individual or party that brings a good to be sold on their behalf by another party, which is called the consignee. The consignee acts as a sort of middleman, which is the individual that buys or retains the goods and passes them along to a third party or the final buyer. WebNov 19, 2024 · What Is Consignment Inventory? Consignment inventory, otherwise known as consignment stock, is a business model. It works by a consignor (either a vendor or a wholesaler) agrees to give their goods to a consignee (typically a retailer) without the consignee paying for the goods upfront. clip art map of new zealand
47 Synonyms of CONSIGNMENT Merriam-Webster Thesaurus
WebConsignment. The delivery of goods to a carrier to be shipped to a designated person for sale. A Bailment of goods for sale. A consignment is an arrangement resulting from a … WebMeaning of consignment note in English consignment note noun [ C ] uk us COMMERCE a document that shows the details of goods that have been sent from a seller to a buyer, and that travels with the goods: rail / air / road consignment note See also bill of lading CIM waybill Preparing for your Cambridge English exam? WebConsignment The act or practice of the owner of a good transferring the good to a second party, usually to be sold. The parties split the proceeds from the sale according to some agreed-upon arrangement. At all times before the sale, the original owner of the good retains ownership and may end the consignment by requesting the good's return. clipart map of oman