A goods receipt, often referred to as GR, is a crucial step in the procurement and supply chain process. It involves the formal acknowledgement and recording of the physical receipt of goods or materials by a receiving party. During a goods receipt, the received items are checked for quality, quantity, and compliance with purchase orders.

The information captured includes details such as the date of receipt, the supplier, the quantity received, and any discrepancies or damages observed. This documentation serves as a reference for subsequent processes like payment verification, inventory updates, and vendor evaluation. A proper goods receipt helps ensure accurate inventory management and enables efficient order processing.