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Inventory: General Ledger Order Entry
Inventory: General Ledger Order Entry
Inventory: General Ledger Order Entry
Order Entry
Purchasing
MRP
WIP
External Systems
Inventory
General Ledger
Order Entry
Purchasing
Bills of Material
WIP
Receivables Payables/Assets/
Payables
items using these categories. After defining the item categories key flexifield, the next
step in the category definition process is the definition of the names for each one of the
categories. To define a new category, you have to specify both the category flexifield
structure name and a unique category name.
Navigation:
Inventory > Setup > Item > Categories > Category Codes
Define Category Sets
To define the Category sets provide the following information
A unique category set name
A category flexifield structure
A control level of Master Level
A default category, which is the value that Oracle Inventory assigns to an item
when it is initially created.
Indication of whether to enforce a list of valid categories.
A list of valid categories.
Define cost types
Before entering item costs we need to define cost types. A cost type is a set of costs used
for costs for future current, historical or simulation purposes. Oracle inventory comes
predefined with three cost types: frozen, average and pending.
Navigation:
Inventory > Costs > Item Costs
Open accounting periods
An accounting period must be open to be able to perform an inventory transaction. This
means that the inventory transaction must fall within the beginning and ending dates of
the open accounting period. First define the accounting periods in Oracle General Ledger.
Then before entering transactions in Oracle Inventory open an accounting period. Use the
Inventory Accounting Periods window to perform this function.
Navigation:
Inventory > Accounting Close Cycle > Inventory Accounting periods (Check whether
Period in which you are transacting is open)
Set profile options
Each of the oracle application has a set of profile options that allow you to indicate how
the application should access and process application information. In oracle inventory we
can indicate what the application used when creating, processing or transacting an
inventory item.
the destination organization owns the shipment when the shipping organization ships it
and while it is in-transit. You can perform a in-transit transfer of items that are not under
revision/lot/serial/number-control in the shipping organization if the destination
organization requires any of controls.
Navigation:
Inventory > Transactions > Inter-Organization Transfer
Choose type as In-transit
On Hand quantity at the destination doesnt change automatically.For this we should
move to receipt and receive the items specifying the locator at the destination where the
items should be placed.
Sub-Inventory Transfers:
This transactions results in the movement of material between two locations with in the
organization. The locations can be either sub inventories or locators. You can transfer
material within your current organization between subinventories, or between two
locators within the same subinventory. You can transfer from asset to expense
subinventories, as well as from tracked to non-tracked subinventories. If an item has a
restricted list of subinventories, you can only transfer material from and to subinventories
in that list. Oracle Inventory allows you to use user-defined transaction types when
performing a subinventory transfer.
After performing sub-inventory transfers, check the on-hand quantity in both the subinventories using the On-hand quantity form.
Navigation:
Inventory > Transactions > Sub Inventory Transfer
Miscellaneous Transactions:
With a miscellaneous transaction you can issue material to or receive material from
general ledger accounts in your current organization. This allows you to issue material to
groups that are not inventory, receiving, or work in process such as a research and
development group or an accounting department. You can also make manual adjustments
to the general ledger by receiving material from one account to inventory, and then
issuing that material from inventory to another account.
You can use your user-defined transaction types and sources to further classify and name
your transactions. You can use this feature to issue items to individuals, departments, or
projects; or to issue damaged items to expense accounts such as scrap. You can perform
the receipts for items that were acquired by means other than a purchase order from a
supplier. You can also use this feature to load all item on-hand quantities when you start
implementing Oracle Inventory.
Navigation:
Inventory > Transactions >Miscellaneous transactions
In this step we will enter cycle count classes in the Cycle Counting Classes form. We
also enter ABC classes to include in our cycle count. We can also enter approval and
hit/miss tolerances for our cycle count classes. For each class that is included in the cycle
count, enter the number of times per year we want to count each item in this class.
2. Including items in the Cycle Count:
We need to load items into our cycle count before we can schedule or count them. You
can either enter the items manually in the Cycle Counts form or automatically include
items based on an ABC group. You specify an ABC group from which to load your items
and all items in the ABC group you choose are automatically included in your cycle
count. The ABC classes for that ABC group are also copied into the current cycle classes
and the classifications of the included items are also retained.
3. Cycle Count Scheduling:
We can schedule Cycle Counts either automatically or manually. The number of items in
each cycle count class, the count frequency of each class, and the workday calendar of
the organization are used to determine the items that need to be included in the scheduled
cycle count. In case of automatic scheduling, the Cycle Count Enabled item attribute
should be set to Yes for the items you want to include in the cycle count, and automatic
scheduling should be enabled when we define our cycle count.
We can also manually schedule counts using the Manual Schedule Requests form.
We can request counts for specific sub inventories, locators, and items. We can manually
schedule specific items or all items in a sub inventory.
4. Count Requests:
After scheduling our counts, the processes Generate Count Requests should be submitted
to generate count requests. This process takes the output of the automatic scheduler and
the manually scheduled entries and generates a count request with a unique sequence
number for each item number, revision, lot number, sub inventory, and locator
combination for which on-hand quantities exist.
5.Cycle Count Approvals:
The Count Adjustment Approval Summary window allows us to approve the count
adjustments that require approvals. We can approve or reject the adjustment, or we might
ask for a recount.
Physical Inventory
Physical Inventory typically counts all the inventory in an organization once a year. In
other words it is a periodic reconciliation of physical inventory with system on-hand
quantity. The following are steps involved in physical inventory
ABC Analysis:
ABC analysis provides us with the ability to rank our items according to a criterion and prioritize
the list of items so that we can establish better material control methods for items with a higher
rank. In order to perform the warehouse control activities such as cycle count , we make use of
this ABC analysis.
Steps followed in ABC Analysis:
ABC Compiles
The ABC analysis it defined in this ABC Compile form.