How can I track and manage consignment inventory on my ecommerce platform?

I’ve spent a ton of time :downcast_face_with_sweat: searching for consignment software and a point of sale (POS) system that’s both good and easy to use, all without breaking the bank. It’s been quite a journey, and you know that starting a business means dealing with a ton of stuff.

I was almost about to go for Resaleworld’s Liberty Consignment, but it costs a whopping :cry: :sob: :sob: almost -$2,000! I mean, seriously, OMG! So, I’m looking for more budget-friendly options to handle my online sales. Your advice could be a lifesaver, helping me make the right call without emptying my wallet. Thanks a million for your help!

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I’m looking for some app suggestions for handling invoices and memos in my consignment store. I also need to create clothing hang tags with barcodes, prices, and SKU numbers. Do you think the basic Shopify plan has got us covered for this, or should I check out a vendor consignment app? Or maybe I should consider a separate barcode generator? Thanks for your help! :folded_hands: :heart:

Hi @TeenVinij ,

I went through the same process as you. There are few options on the market that are modern, affordable, and integrate with Shopify.

I also tried Ricochet which is a great tool if you want to operate outside of Shopify. I needed a POS that I could use at popups. Ricochet does not. Also, Ricochet does offer an ecommerce option, but for me it fell short compared to Shopify.

For consignment, I use Vendor Consignment. It does not generate invoices. It can generate notifications to vendors when their items sell or have received a payout. It also does not generate SKUs or barcodes nor does it adjust pricing. What I mean by that is that where in a tool like Liberty where you can set a schedule for when a price will be automatically discounted and eventually expire, Vendor Consignment does not do that. If this is not your use case, then Vendor Consignment is a decent option.

If you discount an item in Shopify, Vendor Consignment captures the discount and calculates the consignment split based on the price after discount.

To generate barcodes and SKUs I use the app Multi-Label Barcodes. I’ve used it for a long time and am happy with it.

Best of luck!

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Thank you.Ricochet is very expensive $1,200 yearly pay :fearful: add on they need to add on Shopify which will cost an extra.have you try Square POS with Rose for Square App ? I might to do as for couple years, idk. see what like what sell more in-store or online.

Good luck to you too. :heart_suit:

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Hello! Are you still using Vendor Consignment? I’m thinking of switching (currently using ConsignCloud) currently CC will alert me when products expire. It does not discount them and I have to do that manually. I really want product expiry and bulk markdown capabilities! How do you handle expiry/markdowns?

Hi there, all the best with it. Expiry dates aren’t an issue for my business so I’ve never needed to consider it.

This seems to be an answer to my question of how to keep track of inventory and payment for consignment orders. But why does the “transaction” have to happen on the Shopify POS app?

So then after you receive a payment for a consignment order, do you then go back and create another transfer from that store back to you?

I’m glad you found the post and this solution. $2000/mo is out of control! Wow. And frankly not worth it in my opinion.

Hi @DebSumCA I am still using Vendor Consignment. However, it does not have the functionality that you are looking for to auto discount or expire products.

In the past, my scenario was similar to yours. But for various reasons, I stopped discounting. However, I do use an app called Matrixify. It’s a powerful tool for creating or updating product data and reporting. It’s functionality, coupled with an app like Vendor Consignment, might help you cobble together a solution that meets your needs. They offer a trial of the app. It could be worth validating with them if they can create the scenario below.

In the past this was my use case: I discounted consignment by 15% after 30 days. Then an additional 10% after 45 days. Unsold consignment remained discounted at a total of 25% from day 45 through day 90, when the term expired. To be clear, in the Shopify universe, an expired product switches from Active to Archived so that it can no longer be transacted. I mention this because, if you try out Matrixify, this is a step that would need to be automated to make a product expired.

I hope this helps.

Judith (@lalisimone)

Transacting the order through the POS app helps be track in my Shopify dashboard the sales that are happening at other stores. I can view sales trends, compare product performance between locations, etc.

Really important to note - the systems that the other stores use are not connected to my Shopify. From the various locations where I am a vendor/consignee, I am given access to a dashboard where I see my sales. I check everyday and then run those sales through my Shopify POS to update inventory in my database. This is also useful for me to ensure that my sales report aligns with the consigners sales report at the end of each month.

Judith (LaliSimone)

Hi @athenabandit ,

My use case is interesting in that I am both a consignee/vendor (I take product to other stores) and I am also a consigner - people bring me their products to consign.

For my products that I sell at other stores I run through my POS system as I mentioned. Then I get paid at a set schedule from each store.

For my consignees, I transact orders in the Shopify POS app. On the backend I use Vendor Consignment to track consignment sales. That app also provides a dashboard to my consignees and notifies them when one of their items has sold or when they receive a payout. I pay them on a set schedule as well.

Does this help? I’m not sure if my use case is similar to yours.

Judith (LaliSimone)

Thank you so much Judith for replying to me. I’ve spent hours just
explaining things to Shopify reps and they still dont understand how to
help.
I sell jewelry online in my own shop but I also have several Consignment
shops that sell my jewelry. I need a way to keep track of the inventory
that is out there and also th emoney that I receive form each stores.
Draft orders was a disaster. Sometimes I go in and replace all the
inventory a store has with new things so my corner of their shop doesn’t
look stale.
Having to read all the products I returned from a draft order is so
confusing.
Your way seems to work well, I was wondering why I had to go through the
app? I can create a sale for that store location on my computer, correct?
I also noticed that when i create a sale at a particular store location it
does not immediately take it out of their inventory. Ihad to adjust
manually. Maybe I did something wrong there.

Do you think the way you outlined would be the best for my situation?

THank you SO much for your time and help!
Athena

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Hi @athenabandit ,

Thanks for that clarification. So when I run each sale through Shopify POS, I have to enter a payment method to complete the transaction. Needless to say, I’m not actually receiving money at that moment. I get the lump sum payout later. When I receive my end-of-month sales report from a store, I reconcile their report against my report to make sure that the payment amount and inventory sold align. Disclaimer: I am reseller and so my inventory is usually 1 of 1. But technically that doesn’t matter. If things are set up and managed properly, then the steps I outlined above should work.

Just to add, in the settings of the POS app, I create a custom payment and name it after the store. When it’s time to select a payment, I choose the corresponding payment type to complete the transaction.

If this method is not updating the inventory in your Shopify, then I recommend that you go to the product’s page and ensure that the “Track Inventory” box is checked. If that box is checked, the inventory count should decrease by the number of orders for that product.

Question for you. In your Shopify, have you set up locations for every store where you sell your jewelry? If yes, is the inventory that you sell at each location also assigned to that location in your Shopify?

Judith (LaliSimone)

Shopify does not include built-in tools for detailed consignment tracking or managing seller payouts. If that is what you are looking for, Circle-Hand might be a good fit:

Circle-Hand Consignment & Resale App for Shopify Shops

It is built specifically for consignment and resale. Many shops use Circle-Hand together with Shopify, and most use Circle-Hand as the main system to manage their sellers. From the seller side, the client portal makes it easy to:

  • Track sales, payouts, and item status

  • Upload inventory with the exact details they want shown in Shopify

  • Get email notifications when items sell or payouts are issued

To clarify, I am an artist that has both Wholesale and Consignment
accounts. I am looking for a way to keep track of the consignment inventory
that I have out at several stores as well as mark off when I have been paid
for the products I have out.