Furniture Consignment

Furniture consignment is the placing of furnishings by a consignor with a consignee for sale or delivery with stipulations of responsibilities and duties of all parties.

'Furnishings' can include furniture, accessories, curtains, carpets and appointments for decorating a living or work space.

The Consignor

The consignor is the owner of the property and is obliged to represent that items placed on consignment are legally owned or possessed.

Consignors are usually tasked with delivery and transfer custody and care of possessions upon delivery to the consignee.

The Consignee

The person or entity which takes delivery of consignments and assumes responsibility for delivery or sale of consigned items is the 'consignee'.

In furniture consignment the entity is often a consignment shop with a physical location. Sales are to local markets which don't involve shipment of large pieces. Of course items can be shipped where shipping costs aren't prohibitive.

Consignment Agreement

The parties, terms of their relationship and particulars of the arrangement are commonly written in a document (consignment agreement) and signed by all involved.

The contract is dated and defines the duration of the relationship.

It spells out what has been consigned and what is to be done in the event that consignments are not delivered or sold.

It also places the burdens of risk and custody to cover loss, damage or theft during the consignment period.

Consignment Software

Some computer programs are specifically designed for furniture consignment.

They track consignors and their inventory. Most have 'discount schedules' that are used to automatically and systematically mark down the prices of items as items remain unsold (to encourage purchase and keep inventory 'fresh').

Most software includes POS (point-of-sale) capabilities for the processing of purchases.

Software Caveats

Software for a one-time price is fading. Software vendors are happily turning to 'software as a service' so they can charge never-ending fees for the 'service'.

Nonsense. Software is a commodity just like a piece of furniture. Yes you can also rent furniture, but crunch the numbers before entering into a program that requires endless payments.

And check out Best Consignment Shop Software's one-off pricing before making a decision.

More On Consignment

If you are a consignor placing items on consignment at a secondhand store, avoid issues by understanding the terms of the agreement. It is the obligation of the shop owner to take that opportunity to disclose practices and conditions.

Ask about lease and finance options.