Process of consignment stock implementation

Abstract

Consignment stock concept is very important in case of short-term assets management in terms of completely innovative approach helping to manage inventories in which the supplier supplies his inventory and maintains a stock of material at the buyer´s stock. This article deals mainly with the process of Consignment stock implementation itself and considers the approach of Battini, Grassi, Persona, Sgarbossa (2010) by filling new phases and particularizes each separate phase and step. This paper focuses mainly on an analysis finding out possible obstacles while the Consignment stock implementation. Main goal of this paper is to propose a new methodology for the process of the Consignment stock concept implementation. The analysis is based on both quantitative and qualitative surveys held in the Czech Republic.