Difference between consignee & buyer

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Discussion explains that a consignee receives goods and may sell them on behalf of the owner for commission, while a buyer purchases goods outright for consideration and becomes the owner.

Querist : Anonymous

Querist : Anonymous (Querist)

31 May 2012 Hello Experts..
would you please tell me the difference between consignee and buyer?

CA Ajay Wadhwani

CA Ajay Wadhwani (Expert)
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31 May 2012 consignee is the one who will sale the goods on our behalf and he charge us commission.
buyer is the one who buys goods from us.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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31 May 2012 A consignee is the person to whom goods are shipped. A consignee is the person who is assigned to accept or receive the goods. A consignee is also a person who is assigned to hold goods for delivery or sale by another agent or party.

A buyer is any person who contracts to acquire an asset in return for some form of consideration.

When someone gets characterized by their role as buyer of certain assets, the term "buyer" gets new meaning:

A "buyer" or merchandiser is a person who purchases finished goods, typically for resale, for a firm, government, or organization. (A person who purchases material used to make goods is sometimes called a purchasing agent.)

In product management, buyer is the entity that decides to obtain the product.

A buyer's primary responsibility is obtaining the highest quality goods at the lowest cost. This usually requires research, writing requests for bids, proposals or quotes, and evaluating information received.

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