Goods Receipt Note (GRN)
A Goods Receipt Note (GRN) is an important document in inventory management that confirms the receipt of goods into the company’s inventory. When goods arrive at a warehouse or distribution center, a GRN is provided as proof of delivery to ensure that the correct items and amounts were received in acceptable condition. The GRN aids in the maintenance of correct stock records and is necessary for efficient inventory control.
To confirm that everything is in order, the GRN is routinely cross-checked with the purchase order (PO) and delivery note. Any irregularities, such as missing or damaged goods, are promptly reported for further investigation and settlement. Once authenticated, the GRN is entered into the system, which updates inventory levels and creates a clear audit trail for future reference. It is crucial to eliminate inventory management errors, reduce fraud, and ensure supply chain transparency.
