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Overview of Oracle
Overview of Oracle
Oracle Inventory
Oracle Inventory treats many different types of things as inventory. Inventory can be:
• Finished goods that you sell to customers.
• Services that you sell to customers.
• Spare parts for maintenance.
• Raw materials for manufacturing processes.
• Inventory you purchase from a supplier on consignment.
Inventory Capabilities
• Define Part Numbers
• Track On-hand Inventories
• Issue Material
• Forecast demand
• Reserve Material
• Maintain Inventory Accuracy
Oracle Inventory uses the receipt to issue process to maintain its inventory. When goods come to the
warehouse, receipt process captures the onhand in Inventory. After receiving the goods, it can be
transferred within the organization or to other organizations too. Finally, we can issue the goods from the
Inventory for any business.
Receiving Inventory
There are different ways of receiving materials into organizations
Oracle Purchasing
You can use Oracle Purchasing to receive material from outside of your organization. You can receive:
• Purchase order receipts
• Internal requisitions
• In-transit receipts
• Return material authorizations
• Unexpected receipts
• Component returns
• Negative component issues
• Assembly returns
Transferring Inventory
Different applications can generate requests to transfer inventory.
Oracle Inventory
You can use Oracle Inventory to:
• Transfer material between organizations
• Transfer material within an organization
• Replenish materials
• Request transfers
Issuing Inventory
You can use the following applications to issue material:
Oracle Purchasing
Oracle Purchasing can generate an inventory issue for:
• Return to vendor materials
Oracle Inventory
Oracle Inventory can issue stock through:
• User-defined material issues
• Inter-Organization Transfer
• Cycle count negative Issue
• Issue Requests