They may sound like the same thing, but are they? Let’s take a closer look at the table view found on the Projection tab of an item Inquiry screen.
Firm rcpt - this column indicates that there is an existing purchase order in place and stock is planned to actually be received on a particular date (provided there are no delays). In the example above, there is a firm receipt of 370 units set to arrive on the 20th September 2021.
Receipt - this column indicates the date that a projected should be received. In the example above, the projected order of 700 units would likely be received on 5th October 2021, provided the order was placed on time.
Order - this column indicates a projected order quantity and the date that the order should be generated. In the example above, a projected order of 650 units should be reviewed on the order schedule and an order should preferably then be generated on the 2nd October 2021.
Let's have a look at the example below.
The table below shows information for an item with a lead time of 14 days (as indicated on the green row). On the 21st August, there is a projected order of 100 units shown in the “Order” column. We then see that 14 days later, on the 4th September, the 100 units have now been moved over to the “Receipt” column, because this is the date that the stock is expected to be received, provided an order is placed after review of the recommended order schedule.
The same is depicted on the graph below.
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