Dear Avi,
Please find below explaination of both terms
Inbound Processing :
Goods Receipt
Is a follow-on activity to a purchase order. It forms the basis for updating the financials and inventory records and can trigger warehouse management and quality management processes.
With the warehouse management system, you can control the goods receipt and goods issue processes at a physical level. Goods receipts are possible from purchase order, inbound deliveries (advanced shipping notice), stock transport orders, or from production orders
Outbound deliveries :
The outbound delivery forms the basis for goods issue posting. The data required for goods issue posting is copied from the outbound delivery into the goods issue document. When you post goods issue for an outbound delivery, the following functions are carried out on the basis of the goods issue document:
Warehouse stock is reduced by the delivery quantity.
Value changes are posted to the balance sheet account in inventory accounting.
Requirements are reduced by the delivery quantity.
The serial number status is updated.
The goods issue posting is automatically recorded in the document flow.
Stock determination is executed for the vendor's consignment stock.
A worklist for the proof of delivery is generated.
I hope this will give you idea of both terms,
If useful reward points,
Vivek Maitra
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