Is there any option in ERPnext on Managing Consignments?
We are currently having issues on how we are going to manage consignment items from some of our suppliers.
Usually, we are receiving stock from them without cost since market prices of items are changing.
In this case, cost will be based only on current market price once the item is sold.
the issue here is that we want to have record of these items in our system to show that we have it in stock (most were serialized items).
Currently, we can only receive items in system by making purchase order and purchase receipt, but since it is without cost in the beginning, if we want to sell the item, then there will be no cost(no cost of sales). And supplier will give us only the Invoice once we sold the items.
And if we receive the items without cost, it will affect our stock valuation. Can anyone help us with this?