Goods Receipt (GR)

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A goods receipt is a crucial procedure in inventory and supply chain management that entails confirming and documenting the delivery of goods or materials to a warehouse or other storage facility. It designates the moment when the receiving company normally becomes the owner of the goods. Checking delivery quantities, evaluating quality, updating inventory records, and creating receipt documentation are all part of the GR process. Maintaining proper inventory levels, starting payment procedures, and avoiding discrepancies between purchase orders and actual deliveries all depend on accurate and timely goods receipt.