Material inward & outward in ERP system

Question

Accepted Answer

Material inward & outward in ERP system is a process of recording the movement of goods in and out of the organization.

Material inward refers to the process of receiving goods from suppliers and recording them in the ERP system.
Material outward refers to the process of delivering goods to customers and recording them in the ERP system.
ERP system helps in maintaining accurate inventory levels and tracking the movement of goods.
Material inward and outward transactions are usually accompanied by purchase orders, delivery notes, and invoices.
ERP system also helps in generating reports on material inward and outward transactions for analysis and decision-making.

Material inward &amp; outward in ERP system