Consigned Inventory Management in NetSuite 2025.2

TL;DR Opening

Starting in NetSuite 2025.2, a new Consigned Inventory Management section has been added, enabling businesses to efficiently track inventory levels and costs associated with vendor consigned items. This feature includes regular, lot, and serialized inventory items, significantly enhancing inventory operations and cost control.

Overview of Consigned Inventory Management

The Consigned Inventory Management feature is designed to help businesses accurately monitor their inventory of vendor consigned items. This includes items that are purchased, received, stocked, transferred, and sold from your location. The key attributes of this functionality include:

• Item Records: Vendor consigned items can be managed through item records that have the "Allow Vendor Consignment" setting enabled.
• Consignment Status: Each consigned item is assigned a specific consigned inventory status to facilitate tracking.
• Bins Management: You can choose to store these items in bins for better organization and management.

Key Functionalities

With the Consigned Inventory Management feature, users can:

• Adjust Inventory Levels: Use adjustments, returns, and counts to maintain accuracy in inventory levels.
• Monitor Movement: Track inventory movement within or between locations and manage demand and replenishment effectively.
• Integration with Other Features: Depending on your usage, you can also track lot or serialized item quantities, consigned items on purchase contracts, and facilitate the picking, packing, and shipping of orders.

Purchase Flow Management

Utilizing the Consignment Purchases workbook allows for monitoring of inventory levels and processing throughout purchasing and billing flows. Key advantages include:

• Payment Timing: Businesses only pay for consigned items once sold, ensuring efficient cash flow management.
• Automatic Ownership Transfer: Enhances accountability and tracking.

Limitations of Consigned Inventory Management

While the Consigned Inventory Management feature is robust, there are a few important limitations to consider:

• Brazil Localization Requirements: If you are using the Brazil Localization SuiteApp, confirm customization requirements with your account manager before enabling this feature.
• Assembly Item Restrictions: This feature cannot coexist with assembly item types. If your system uses assembly items, you will not be able to enable Consigned Inventory Management.
• Manufacturing Workflows: The feature does not support manufacturing workflows, processes, and related functionalities.

Who This Affects

The introduction of the Consigned Inventory Management feature has an impact on:

• Administrators: Responsible for configuring and managing inventory records and workflows.
• Procurement Teams: Need to manage vendor consigned items effectively.
• Finance Teams: Voucher payments are aligned with sales, impacting cash flow.
• Warehouse Staff: Responsible for managing and tracking consigned inventory in physical locations.

Key Takeaways

• The Consigned Inventory Management feature helps track vendor consigned items, enhancing inventory control.
• It supports regular, lot, and serialized items, accommodating diverse tracking needs.
• Users need to ensure compatibility with existing module settings (e.g., assembly items).
• Leverage the Consignment Purchases workbook for improved oversight of purchasing and billing flows.