Company Mentalist Inc. has to supply three thousand crystal balls to Roy. Staff at Mentalist Inc. bring the crystals to the staging where there are packed. The truck arrives to pick the package. It is loaded on the truck and despatched. Then comes PGI – Post Goods Issue.
Goods Issue is the actual physical outward movement of the material from the warehouse to client’s location thereby reducing the delivered stock from the present stock. It involves – Picking, packing, and PGI. Post Goods Issue broadly covers a number of activities which capture the financial and logistics aspect of the stock movement.
After PGI following happens – stock is reduced, inventory account is updated, document flow is updated, the delivery document is made available in billing due list, COGS account is updated. Based on requirement, some more activities might be involved but this is largely the list.