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Parts Received

Parts Received​

Parts Received refers to formal logging or documentation of delivered part/s into an inventory, noting key details like name, quantity, purchase price, and many more. It is essential for:

  • Officially record the receipt of new parts into inventory.
  • Automatically adjust stock quantities upon part arrival.

How to formally document the Received Parts​

In StatStream, you can formally document the received parts present in the Inventory. To document the received parts, follow these steps:

  1. Navigate to Administration:

    • Select the Administration tab in the top navigation bar.

  2. Create New Parts Receieved information page:

    • Click on Parts Received in the left sidebar.
    • Click on the Add Receive Part button on the top right corner.

  3. Fill Required Part Received Details:

    • Provide the following details:
      • Part Name: Enter the name of the part you received.
      • Recieved Qty: Enter the quantity received.
      • Unit of Measurement: (selected by default)
      • Purchase Price: Enter the price paid for the part received.
      • Purchase Order Number: Enter the Unique Identifier for the purchase order issued to the vendor.
      • Purchase Received Number: Enter the Unique identifier for the goods received against this order.
      • Purchase Vendor: Select the vendor who supplied the part.
      • Received Date: Enter the date on which you received the parts.

  4. Save the Received Part information:

  • Click on the Save button to log the received part.

 

Note:

  • The Parts Received can also be viewed in the respective Part Information page.
  • The Current Valuation will be calculated as [( Total original stock + Parts Received Qty) * Part Received Purchase Price(latest)]



Parts Received