Terms related to procurement - inward goods , Other Management

Assignment Help:

Inward goods 

The goods are delivered at the inward goods stores of the company/plant with necessary documents like delivery challans and suppliers invoice. These documents will have the details such as purchase order number, part number, quantity, unit price, total invoiced value, statutory duties and so on. Personnel operating inward goods stores accept the supplies after verifying that the entries in documents tally with the actual delivery of goods. They also conduct visual inspection of the same to ensure that the materials received are free from physical damages during transit. The supplies are subjected to inspection by quality department before they are accepted on records. In some cases, the goods are sent to user department for user acceptance. 

IG accounting 

The inward goods personnel accept the goods supplied on clearance by quality department and send report to purchase department. Discrepancies if any like short supplies, rejections in quality and so on are brought to the notice of purchaser, who promptly takes action to rectify. The goods are tagged for identification and are handed over to project group for storing.  


Related Discussions:- Terms related to procurement - inward goods

Attaching covers and endpapers - binding processes, Attaching Covers: ...

Attaching Covers: Regardless of the sewing method used, the sewn book must be "knocked up"  to be square at head and spine. By hammering along the back edges, the expansion re

Discuss the significance of world heritage sites, QUESTION World herita...

QUESTION World heritage sites are identified as sites of outstanding global values that should be preserved for all humanity. Sites will be preserved for future generations and

Analyze the destination life cycle concept, QUESTION The potential rele...

QUESTION The potential relevance of the concept of a destination life cycle has been examined in a number of studies. The model has apparent potential to advance theory and pra

Management communication, Management Communication MC is a process of c...

Management Communication MC is a process of communicating in management itself. Effective managerial communication is either written or spoken. It is based on a several strateg

Definition, what is the definition for stock exchange

what is the definition for stock exchange

Quality tools and techniques to reduce errors, QUESTION A popular rest...

QUESTION A popular restaurant has been losing customers and orders due to various delays and errors. The Restaurant Manager wants to identify problems and causes that might be

Explain the reinforcement theory of motivation, QUESTION (a) Define the...

QUESTION (a) Define the term 'Motivation' and explain its importance for organizational success (b) Reply ANY TWO of the following items- (i) Explain with the support of

Catalogue entry, Catalogue Entry   In the case of a library catalogue y...

Catalogue Entry   In the case of a library catalogue you are providing information about a document that exists in the library. This means you are preparing an entry for the do

Institutional membership and deposit system, Institutional Membership: ...

Institutional Membership: Institutional membership is another potential resource in collecting documents. The library may enlist itself as member of learned societies and inst

Output of quality planning process, O utput of quality planning process ...

O utput of quality planning process Quality management plan is one of the major outputs of quality planning. It describes how the project management team will implement  the q

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd