Inventory management involves creating a purchasing plan that will ensure that items are available when they are needed (but that neither too much nor too little is purchased) and keeping track of existing inventory and its use.
Two common inventory-management strategies are the just-in-time method, where companies plan to receive items as they are needed rather than maintaining high inventory levels, and materials requirement planning, which schedules material deliveries.
A Goods Receipt is a document issued to acknowledge the receipt of the items listed in it.So the company receiving the goods can have a record of what was delivered, which company delivered it, when/how/who it was delivered and received the goods.
Also the company delivering the goods can have a copy of this information.This can be used for accounting, stock check and rotation, to return any goods if there is a problem, also to check the correct goods have been delivered.
Dispatch of goods is when that company sends or ships out the goods purchased from them by the buyers.
1. Goods Receipt
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2. Goods Dispatch
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3. Goods Transaction
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4. Return for production
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5. Delivery Manager
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6. Inventory Shortcuts
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7. Inventory Numbering
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8. Heat Numbers
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