Consignment - Whiteboard Wednesday

Learn more at: www.fishbowlinv.... Consignment can be a risky prospect for suppliers because it means that they have products in someone else's store, but they haven't been paid for them yet. Small companies often use consignment as a strategy to get their products into large retail chains and increase their brand exposure.
The riskiness of consignment can be mitigated by using inventory tracking software to make sure you know where all of your products are. Inventory tracking software helps you figure out when ownership changes hands, how to handle returns, which stores have higher sales, and many other important things.
Fishbowl's Whiteboard Wednesday shares essential inventory management concepts in just a couple of minutes. Fishbowl is the #1 manufacturing and warehouse management software for QuickBooks users.