What is goods receipt in SAP MM-IM - Inventory Management?

SAP Term: goods receipt

• Component: MM-IM

• Component Name: Inventory Management

• Description: A term from inventory management denoting a physical inward movement of goods or materials. The SAP System differentiates between the following types of goods receipt: Goods receipt with reference to a purchase order Goods receipt with reference to a production order Other goods receipts without reference

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• Key Concepts: 
  Goods receipt is a process in SAP Inventory Management (MM-IM) that records the physical receipt of goods from a vendor. It is used to update the inventory records in the system and to trigger the payment process for the vendor. 
  
  How to use it: 
  The goods receipt process begins when a vendor delivers goods to a company. The company then creates a goods receipt document in SAP, which includes information such as the vendor, the material, and the quantity of goods received. Once this document is created, it is posted in SAP and the inventory records are updated accordingly. 
  
  Tips & Tricks: 
  It is important to ensure that all goods received are accurately recorded in SAP. This can be done by double-checking the quantity of goods received against the quantity specified in the purchase order. Additionally, it is important to ensure that all relevant documents such as invoices and packing slips are attached to the goods receipt document in SAP. 
  
  Related Information: 
  Goods receipt is closely related to other processes such as goods issue and stock transfer. Goods issue is used to record the physical removal of goods from inventory, while stock transfer is used to move materials between different storage locations within a company.