Glossary definition

What is consigned inventory?

In the food and beverage industry, consigned inventory is inventory that is physically at a location but owned by someone else. This term is usually used in the context of a supplier maintaining inventory on-site at their customer’s location. The inventory is typically owned by the supplier until it is moved into the customer’s process or sometimes even after it is actually consumed

Subscribe to the Sage Advice Blog

Get our latest business advice direct to your inbox.