Consignment Inventory Management Diamond Industrial

Consignment Inventory Management

Purchasing inventory comes with a certain amount of risk - consignment inventory helps to reduce that risk so that your business can adapt, grow, and thrive even in the most competitive of industries.

Only Pay for Inventory Consumed
Reduce/Eliminate Stock Outs
Streamlined Supply Chain

Diamond's consignment inventory solution reduces the risk of over-purchasing inventory where the demand is uncertain or volatile. Rather than tying up a lot of capital in high inventory levels when the demand for certain products is unknown, by choosing a consignment inventory model, you are only charged for the items that you use. We help you to make your business leaner and more efficient with smarter inventory management.

consignment management circle flow diamond industrial

What is Consignment Inventory?

Consignment inventory is a supply chain model where we will agree to place our inventory into your locations for you to use. We will still own the product and you will only pay for the products when they have been consumed. This allows you to have the peace of mind that you will have all the products that you need without having the burden of capital tied up in inventory.

We will visit your site as often as required to check stock for used items as well as assess what inventory needs to be updated. Not only does this allow for less risk and lower upfront costs, it also allows our customers to be more innovative and increase their product range more quickly and flexibly.

Implementing Consignment Inventory

  1. Analyse and discuss your individual needs as a business to figure out if Consignment Inventory is the right solution for you.
  2. Note how many different items you require a continuous supply of as well as the quantity needed on hand at all times.
  3. Implement our inventory into your stores/warehouse.
  4. Continuously monitor stock levels in order to assess if there needs to be an increase/decrease in inventory levels.

To find out more about Diamond's Consignment Inventory service, get in touch today.