Goods Received Note (GRN)
Goods Received Note (GRN)
What does this term stand for?
Goods Received Note is an official internal document prepared when goods are received, confirming the type, quantity, and condition of items delivered by a supplier. It is used as a reference for inventory updates, supplier invoicing, and financial reconciliation. In logistics, the GRN acts as proof of delivery acceptance and helps ensure transparency and accountability between procurement, warehouse, and finance departments.
Key Characteristics:
- Receipt Document
- Quantity Confirmed
- Condition Recorded
- Invoice Matched
- Inventory Updated
- Audit Support
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