What is Production Receipt?
Production Receipt
The manufactured product enters the inventory of the finished product warehouse.
What it means
Production receipt is a record of finished products being placed in inventory. While warehousing is the arrival of purchased materials, warehousing is the arrival of goods we have made.
It is often recorded together with production output. In the inventory history, there will be a line like "Production receipt +50".
At the pen factory
On the 4th day, if you enter production output 50 pens, a line will appear in the inventory history of the finished goods warehouse saying "Production receipt +50, basis W-1101."
Why it matters
This record helps explain why finished goods inventory has increased. Since there is evidence as to which work order it came from, you can check it later.
Related terms
- Production outputA record of how many work orders were actually made.
- Goods ReceiptCounting the arrived goods, placing them in the warehouse, and recording them in the system.
- Inventory transactionsOne line left over whenever inventory moves. It is the same as the transaction details in your bankbook.