Goods Receipt Note

What is GRN?

"GRN" stands for "Goods Receipt Note" in the context of warehouse and inventory management. A Goods Receipt Note is a crucial document used to confirm the receipt of goods into a warehouse or business premises. It is an essential part of inwarding process.

Why is GRN needed?

The GRN serves several purposes:

• Verification of Goods: The GRN is used to verify that the goods delivered by a supplier match the quantity and specifications stated in the purchase order.
• Quality Inspection: It allows for the inspection of the quality and condition of the received goods. Any discrepancies or damages can be noted on the GRN.
• Record of Receipt: The GRN serves as an official record that the goods have been received. It includes details such as the date of receipt, the quantity received, and the condition of the goods.
• Basis for Payment: The GRN is used as a basis for processing supplier invoices and making payments. It helps in confirming that the goods have been received before payment is made.
• Inventory Update: The information on the GRN is used to update the inventory records. It reflects the addition of new stock into the warehouse.
• Resolution of Discrepancies: If there are any discrepancies between the delivered goods and the purchase order, the GRN becomes a reference for resolving these issues.

The process of creating a GRN typically involves a warehouse receiving personnel physically inspecting the goods, recording relevant information, and generating the Goods Receipt Note. In Omniful, this process also involve scanning barcodes or utilizing other technologies for accuracy and efficiency.