Good Faith Receiving
Good Faith Receiving (GFR) is an audit process which is helping to challenge the convention of retail supply chain management.
It is accepted that throughout the supply chain the majority of stock that is "checked in" is accurate, making the checking an expensive and often unnecessary task.
The principle of GFR means that stock is received without checking, save for sample checks from the depot teams. Orridge can provide highly trained auditors to conduct these sample checks, and provide you and your suppliers with the necessary reporting tools to ensure the right checks and balances are in place to improve their accuracy performance.
We understand that GFR is far more complicated than simply switching off supplier receipt checks. At Orridge we can provide you with GFR expertise to guide and support you through the set up process - this can include supplier engagement, business case analysis and on-site support.
There are numerous benefits to GFR and using Orridge to support you, the main ones being: -
- Labour savings by accepting supplier deliveries in good faith.
- Faster turnaround times for deliveries, leading to supplier efficiencies.
- A faster flow of stock through the supply chain.
- Real-time data, quick and simple query resolutions.
- Robust accuracy data to provide you with a coherent commuted claims process.