Pay on Use
Pay on use is a process where payment is initiated by product consumption, i.e., consignment stock based on withdrawal of the product from inventory. This process is popular with many European companies.
With pay on use, businesses only need to pay for the products they consume, making it a more flexible and cost-effective option than traditional methods of payment. This system can be particularly beneficial for businesses that have variable or fluctuating demand for their products. Pay on use also allows businesses to better manage their cash flow, as they are only required to pay for products as and when they are used.
There are a number of logistics providers who offer pay on use services, so it is important to shop around and compare different providers to find the best deal. Pay on use can be a great way to save money and better manage your inventory, so it is definitely worth considering for your business.