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CompletedLong-standing · 47d pending

Raw material inventory discrepancy — Q4 carry-over

Kavitha RameshAccounts & OfficeStarted 08 Jan 2025Completed 08 Jan 2025
inventory5saccounts
Linked problem:ERP vs physical stock discrepancymedium

SIF Progression

LISS
Learning
SISS
Solution
RISS
Responsibility
LISSLearning In Single Sentence
KR
Kavitha Ramesh
·08 Jan, 10:00 am

The 8% discrepancy between physical stock and ERP arises because goods receipts are logged 24–48 hrs after physical receipt, creating a phantom stock buffer.

SISSSolution In Single Sentence
KR
Kavitha Ramesh
·08 Jan, 10:30 am

Enforce same-day GRN closure rule; the Accounts team flags any GRN older than 4 business hours as an exception requiring supervisor sign-off.

RISSResponsibility In Single Sentence
KR
Kavitha Ramesh
·08 Jan, 10:45 am

I will create a daily exception report at 16:00 for all open GRNs and personally verify with store-in-charge before end of shift.

Participants

KR
Kavitha Ramesh
supervisor
PS
Priya Subramaniam
manager