Hi everyone, thanks sharing how important it is to be able to reserve inventory for pre-sales, or consignment.
We appreciate hearing your needs in setting stock aside before it’s invoiced, and in some cases working across multiple locations or warehouse setups.
We are currently in the process of releasing backorders capability which is designed to help tracked inventory users approve a sales invoice even when there isn’t enough stock available at the time. When that happens, the stock you do have available is allocated first, and the remaining quantity is placed on backorder. As more stock comes in, Xero will then automatically allocate it to the oldest approved backorders.
While this release doesn’t provide a way to reserve stock in advance for consignment, pre-orders, or particular customers and locations, it may still help some businesses that are currently needing to wait for stock to arrive before they can approve and process a sale.
We understand there’s still a gap between what’s being released here and the broader stock reservation needs raised in this idea, so we’ll continue to track the feedback you’ve shared and update you if there’s any further progress in this space.
Hi everyone, thanks sharing how important it is to be able to reserve inventory for pre-sales, or consignment.
We appreciate hearing your needs in setting stock aside before it’s invoiced, and in some cases working across multiple locations or warehouse setups.
We are currently in the process of releasing backorders capability which is designed to help tracked inventory users approve a sales invoice even when there isn’t enough stock available at the time. When that happens, the stock you do have available is allocated first, and the remaining quantity is placed on backorder. As more stock comes in, Xero will then automatically allocate it to the oldest approved backorders.
While this release doesn’t provide a way to reserve stock in advance for consignment, pre-orders, or particular customers and locations, it may still help some businesses that are currently needing to wait for stock to arrive before they can approve and…
It would be wonderful if I could manage my consignment stock within Xero.
I am looking for inventory management software (as a consigner) supplying to retail stores: I supply my jewellery to galleries and they sell the jewellery on my behalf. Once each piece of jewellery sells the gallery takes a cut and pays me the rest.
I currently use Quickbooks as my inventory management software, but they're retiring the plan and I need to find replacement software.
It would be wonderful if I could manage my consignment stock within Xero.
I am looking for inventory management software (as a consigner) supplying to retail stores: I supply my jewellery to galleries and they sell the jewellery on my behalf. Once each piece of jewellery sells the gallery takes a cut and pays me the rest.
I currently use Quickbooks as my inventory management software, but they're retiring the plan and I need to find replacement software.