With working capital under pressure, Avnet’s consignment solutions help you meet your goals of swift and reliable replenishment with a delay in ownership until the actual point of consumption. We tailor your consignment solution to your needs, making inventory availability more transparent without tying up your working capital unnecessarily.
With a consignment program from Avnet – based on accurate forecast data – we help you secure reliable and efficient supplies and shorten lead times to hours instead of days.
Consignment and VMI – The difference
The terms of Consignment and Vendor Managed Inventory (VMI) are often thought to mean the same thing. So what’s the difference? Consignment governs the ownership of the goods, which remain the property of the supplier until they are actually sold. VMI is a method of replenishment where the vendor tracks a customer’s inventory and decides when to send the customer new stock. VMI is often used together with consignment.