Do Receiver (RC) documents update Inventory?

If the referenced Purchase Order (PO) type is for an inventory item, the Warehouse, Commodity Code, and Stock Item Suffix information populate from the Award selected from Receiving Search (RCSRCH). When the Receiver (RC) is submitted final, the total for On Order will be reduced on the Inventory Table (INVN) and the total for On Hand will be increased by the Total Quantity Received on the Receiver (RC) Commodity Line.