Simply put, consignment is the ultimate in “just in time” inventory. It allocates an agreed quantity of active parts or material in a point-of-use fashion to your production without your business actually having to own the items. Your commitment to buy is only exercised when you use the parts. A variety of options are available on how to dispense parts and supplies, as well as administer the program.

Karl W. Richter Ltd. Policy- Click here for Details