Scale with Consignment Selling

Scan-based Trading

Scan-based trading can be best characterized as consignment selling, where vendors invoice customers based on point-of-sale data. This method simplifies invoicing and guarantees prompt payment through scanned purchases, thereby minimizing discrepancies and expediting reconciliation.

The advantages of this consignment relationship and invoicing method extend to both vendors and retail partners. They include precise inventory tracking through Universal Product Codes (UPCs), optimized labor use, enhanced inventory control, reduced out-of-stock products, and decreased shrinkage. These benefits collectively lead to substantial cost savings, improved cash flow, and a mutually profitable relationship.