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glossary term

Consignment

A contract with fixed pricing and material for the customer to order at their discretion. The customer places orders in truckload quantities for the material and the Outside Production area creates a transfer order allowing a packing list to be created and the material to ship to another warehouse. The customer sends proof of receiving of all material shipped on the consignment. The customer uses this material as needed and keeps track of the tags used. At the end of every month a form is created by the customer documenting the material received and used for that month and a sales order is created for invoicing only.

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