The whole concept of 'consignment' is good merchandise at discounted prices so it's imperative that a software progam provide for many different and correct ways of discounting prices automatically (where possible) and accurately.
Discount schedules can be saved in the progam and applied per item or per category. The discounts can be executed manually or automatically and at POS the discounted price will be entered as the selling price and can be changed.
Each item on the POS invoice can be discounted by dollar amount or percentage.
Each invoice total can be discounted similarly.
With the exception of the Intro edition of BCSS, sales promotions can be configured in the program and applied at POS during the stipulated period of the sale. The discounts can be by invoice dollar total and/or by category. Prices will be discounted at POS for items qualifying for discounts.
If an item or the invoice total are discounted by a percentage, or if the item price is discounted by a dollar amount, the store and the consignor (of each item) will share equally in the amount of the discount.
If the total invoice is discounted by a dollar amount there's no way to discount each item on the invoice proportionately so the store will absorb the discount. This can be avoided by discounting only be percentage.
If items are discounted according to a sales promotion schedule, the store will absorb the amounts of the discounts.
For items that are discounted by dollar amount, the store and the consignor will share equally in the amount of the discount.
Said another way, discounts by dollar amount and by promotions will not reduce the amount of the settlement. Aged discounts and discounts by % and $ will reduce the amount paid to the consignor.
In higher editions of the program employees can be blocked from discounting at POS with settings made in employee permissions. Any discount at POS would have to be authorized by someone with such authorization.
Discount Inventory with Consignment Software
- Auto discount aging inventory
- Discount per item or invoice at POS
- Conduct seasonal or promotional sale
- See Simple Video Peek
- View this video (-->)
With No-Fee Consignment Software discount inventory prices automatically using discount schedules or manually at point of sale. Discounts can be by percentage or dollar amount per item or per category.
Discount Aged Inventory
Typically in consignment operations inventory that remains unsold over time is discounted in price to encourage purchase. Good bargains build customer loyalty and getting things out the door saves the time it takes to return unsold items to consignors, donate them, destroy them or transfer them to shop ownership.
No-Fee Consignment Software provides multiple discount schedules so some things can be marked down faster or slower than others, or not at all. A schedule can be assigned to a category of inventory and apply only to those items in the category.
At the end of holding period items can be individually flagged for return to owner, donate, destroy or transfer to shop ownership.
Price cuts can be done manually or automatically.
Concessions at Point of Sale
At POS deductions can be made per item or per invoice with each discounted by percentage or dollar amount.
Percentage and dollar reductions per item are split between item owners and the shop. Invoice discounts are absorbed by the store.
Employees can be blocked from granting discounts at POS as one form of attempting to prevent employee theft.
A category of items can be put on sale at percentage or dollar discounts for a designated time period - 25% off all jeans from September 1st through the 7th, for example. Promotional discounts are absorbed by the store.