From the SKU list view you can view if an item is out on memo and get other memo specific info like the memo number, date ect...
Click on Inventory link from the BusinessMind home page.
Click the +New SmartSet Query option under the View Skus section.
Modify the Smart Set Name to your needs.
Check the Columns you would like to appear, we recommend you include Cust Consigned Qty, Memo Contact, Memo Number, Memo Date and any other columns you would like.
Select this option from the search drop down menus.
Click Test Rules to test your results.
Choose Save Smart set to save this for future use.