How does GFEBS define a "Receiver"?

How does GFEBS define a "Receiver"?

• A. An individual or entity responsible for returning goods
• B. An individual or entity responsible for acknowledging receipt of goods or services
• C. An individual or entity that audits inventory
• D. An individual or entity managing financial transactions

Answer: (B)

In GFEBS (General Fund Enterprise Business System), a "Receiver" is defined specifically as the individual or entity that acknowledges the receipt of goods or services. This role is critical within the context of supply chain and inventory management, as the Receiver confirms that the items delivered are as expected and meet the requisite conditions outlined in the order. Acknowledging receipt not only facilitates accurate inventory records but also triggers payment processes and ensures that obligations are met from the procurement perspective. This definition emphasizes the importance of responsibility and verification in the logistics chain—a key element in maintaining transparency and accuracy in government financial and logistics operations. The Receiver’s role directly impacts overall supply chain efficiency, enabling timely updates to inventory records and ensuring that authorities have correct information available for reporting and compliance purposes.

In GFEBS (General Fund Enterprise Business System), a "Receiver" is defined specifically as the individual or entity that acknowledges the receipt of goods or services. This role is critical within the context of supply chain and inventory management, as the Receiver confirms that the items delivered are as expected and meet the requisite conditions outlined in the order. Acknowledging receipt not only facilitates accurate inventory records but also triggers payment processes and ensures that obligations are met from the procurement perspective.

This definition emphasizes the importance of responsibility and verification in the logistics chain—a key element in maintaining transparency and accuracy in government financial and logistics operations. The Receiver’s role directly impacts overall supply chain efficiency, enabling timely updates to inventory records and ensuring that authorities have correct information available for reporting and compliance purposes.