GR (Goods receipt)

GR, or Goods Receipt, is the process of recognizing and confirming receipt of ordered products by a purchaser from a supplier. This process is essential in any procurement procedure, as it marks the end of the purchase order cycle and verifies to the purchasing department that goods have been received from suppliers in accordance with terms and conditions included in the purchase order. GR also helps to ensure accuracy in record keeping and prevents disputes over delivery quantities and prices.