Purchase Receipt- Receipt is an important material management function that

concludes the transportation shipment and collects information for material

accountability. Inspection comprises measuring, examining, and testing to
determine whether the materials provided in the shipment conform to contract
requirements.
Purchase Order- A purchase order (PO) is a document issued by a buyer to the
seller, providing the information about the details of the order. That is the quantity,
type of product, prices, etc

Receipt and Inspection Report- basis for the receipt of goods stipulated on the PO as
to quantity, quality, price and other terms and conditions.