This note introduces the concept of consignment when used in commercial transactions for the sale of goods in business-to-business context. It provides a general overview of consignments under common law and the Sale of Goods Acts (including the concepts of sale or return and sale on approval). It explains why parties use consignment in practice, the benefits and the risks associated with supplying on consignment. It explains how the Personal Property Securities Act 2009 (Cth) (PPSA) applies to consignment arrangements. It provides a general overview of key terms in consignment agreements. It also covers the relationship between consignment and vendor-managed inventory arrangements.