Stock Receipt

When you enter a requisition, PeopleSoft eProcurement processes it, places it on a purchase order (PO), and sends (dispatches) it to the supplier. If PeopleSoft Inventory is installed, the requisition might come from the warehouse stock instead of from a supplier. When you receive the requested items, you record the receipt, which enables the buyers to track the quality and promptness of suppliers.

The PeopleSoft application assigns a receipt ID to each saved receipt. Because a one-to-one ratio does not exist between POs and receipts—a PO might have multiple receipt IDs due to multiple shipments or a shipment might have multiple POs—this ID is stored separately from the dispatched purchase order or the original requisition. If PeopleSoft Payables is installed, a process matches the receipts to the POs (to confirm that the goods were shipped) before the supplier is paid.

Note:

To record a receipt before the accounts payable department can pay the supplier, select Receiving Required for the item.