Case Study: Kerfkore manages consignment inventory with MRPeasy

Kerfkore manages $9.25-per-unit consignment costs with MRPeasy

Kerfkore, a manufacturer of architectural panels, faced a challenge managing consignment inventory from a vendor. While beneficial for cash flow, these goods, often valued in the tens of thousands, presented accounting difficulties as they remained the vendor's property until used, skewing inventory valuation and financial reporting. They needed a way to separate the physical inventory from the financial liability within their MRPeasy system.

The solution implemented by MRPeasy consultants involved creating a virtual site for consignment stock and using a detailed workaround with transfer orders and lot tracking. This process allowed Kerfkore to receive goods at zero cost and only realize the financial impact upon consumption, accurately reflecting costs in manufacturing orders. While MRPeasy does not have a native consignment feature, this method successfully separated physical inventory flow from financial liabilities, ensuring accurate cost tracking and accounting synchronization.

Kerfkore