Consigned Inventory Counts

To maintain accurate inventory levels, you can create manual or calculated inventory counts for vendor consigned items. When you add consigned item quantities to an inventory count, you must specify the consigned inventory status. It enables you to distinguish them from non-consigned quantities of the same item that you may also add to the count. For more information about creating counts, see Calculated vs Manual Counts. To enable item settings for inventory counts, see Setting Up Item Records for Inventory Count.

Based on the results of an approved count, NetSuite may generate one adjustment each to either increase or decrease the on-hand quantity. The account that you specify on the inventory count is used for both consigned and non-consigned items. For more information, see Journal Accounts for Vendor Consigned Inventory.

On item records, you can view any updates to on-hand quantities for vendor consigned items. See Tracking Consigned Quantities and Values.

Related Topics

• Consigned Inventory Management
• Consigned Inventory Management Setup
• Purchasing and Receiving Consigned Inventory
• Consigned Inventory Adjustments
• Transferring Consigned Inventory
• Selling and Fulfilling Consigned Inventory
• Generating Consignment Consumption Reports
• Consignment Purchases Workbook
• Journal Accounts for Vendor Consigned Inventory

General Notices