This chapter contains these topics:
To record receipt of bulk inventory
To perform a four-point analysis in order to calculate gain or loss for received products
You record the receipt of bulk products requested on a purchase order as they arrive at the depot. You can confirm the receipt of the products requested on the purchase order, record the volumes received, and make adjustments to correct variances.
You can also calculate any gains or losses that might have occurred during transportation due to spillage, theft, faulty meters, and so on. To do so, you perform a four-point analysis. You perform a four-point analysis primarily for long voyages to determine the product lost in transit, but you can record the data for any movement.
If you, as purchaser, take ownership for the product when it is loaded onto a vehicle at a supplier's depot, you can track the quantity loaded onto the vehicle and record it as a liability. Then, you can calculate and record any gain or loss that might have occurred at the time of delivery at your depot.
Complete the following tasks to receive goods:
Record bulk product receipts
Calculate gain or loss for received products
See Also:
Entering Receipts in the JD Edwards World Procurement Guide for information on purchase orders and receiving inventory