Regarding consigned inventory, the manufacturer is the consignor. In a supply chain model known as consignment inventory, a retailer sells a product, but the supplier retains ownership of it until it has been sold.
Products that are unsold can be returned because the retailer doesn't actually buy the inventory until it has been sold. Seasonal, perishable, or pre-owned goods are frequently sold through the consignment model.
The model helps retailers in particular when there is uncertainty about customer demand because it enables them to offer customers a wider range of products and put a stronger emphasis on sales. Since they don't have to pay for the item until it sells, retailers who carry products on consignment run less of a risk financially.
Suppliers who use consignment inventory models run the risk of not getting paid until retailers sell their stock. The supplier's ability to get their product in front of a larger pool of potential customers, however, is a significant advantage.
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