Consignment Purchase Orders; Consignment Stock Sample Clauses

The Consignment Purchase Orders; Consignment Stock clause establishes the terms under which goods are supplied to a buyer on a consignment basis, meaning the supplier retains ownership of the goods until they are used or sold by the buyer. Typically, this clause outlines how consignment inventory is stored at the buyer’s premises, how and when the transfer of title and risk occurs, and the process for issuing purchase orders as goods are consumed. Its core function is to provide a flexible inventory management solution, reducing the buyer’s upfront costs and inventory risk while ensuring the supplier retains control over unsold stock.