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Product, Inventory, Po
Product, Inventory, Po
Product, Inventory, Po
Management
Oracle Fusion
Agenda
Easy to Use
All-in-One Always
Business Improving
Software
Enterprise structure
Hierarchy Model: Oracle Fusion Financials uses an enterprise structure,
which is like a map showing how a company is organized. It helps
understand who reports to whom and how different parts of the company
relate to each other.
Industry and Business Flexibility: This structure is made to fit different
kinds of businesses, whether they're big or small, in different industries
like manufacturing, services, or retail, and even if they operate in different
places around the world.
Components: The enterprise structure in Oracle Fusion Financials is
made up of different parts, like building blocks, and each part has its own
job to do.
SCM Consultant Enterprise
Structure
Enterprise Name
Legal Entity
Business Unit
Master organization(logical)
Inventory organization
Sub-Inventory
Locator
Legal Entity
1. Inventory:
1. Inventory refers to the stock of goods or materials that a company holds for production, distribution, or sale.
2. It includes raw materials, work-in-progress items, and finished goods.
3. Managing inventory involves tracking quantities, locations, and movements of items to ensure optimal levels and
availability.
2. Sub-inventory:
1. Sub-inventory is a subset or division of the main inventory storage area within a warehouse or facility.
2. It's used to categorize and organize inventory items based on factors like location, type, or usage.
3. Examples of sub-inventories include shelves, bins, or sections within a warehouse where specific items are
stored.
3. Locator:
1. A locator is a specific physical location within a sub-inventory where inventory items are stored.
2. It provides more detailed information about the exact position of items within the warehouse.
3. Locators help optimize storage space, streamline picking and replenishment processes, and improve inventory
accuracy by precisely identifying where items are located.
Product Management
NAVIGATION :
PRODUCT MANAGEMENT ->
PRODUCT INFORMATION MANAGEMENT
-> TASKS -> CREATE ITEM
Design: This phase involves exploring various solutions and selecting the
most effective and efficient way to create the product.
Prototype: Here, a model is built to solve consumer problems or validate
ideas for testing in the next stage.
Production: This is the phase where the physical production of the
product takes place.
Obsolete: This phase occurs when the product is no longer maintained,
required, or functional.
Item Class:
Inventory:
• Inventory means keeping track of all the things a company has, like products or materials.
• It's about making sure there's enough of everything needed, and nothing runs out unexpectedly.
• Managing inventory involves keeping a close eye on what comes in, what goes out, and where
everything is stored.
Oracle Fusion Inventory:
• Oracle Fusion Inventory is like a tool that helps businesses handle their inventory more smoothly.
• It helps keep track of stock in different places, like warehouses or stores.
• With Oracle Fusion Inventory, businesses can make sure they have the right amount of stuff in the
right places, which helps things run smoothly in their supply chain.
Sub-Inventory:
• A sub-inventory is like a smaller part of a larger organization.
• It can be a physical area, like a storeroom or a receiving dock, or a logical
grouping of items.
• Every organization must have at least one sub-inventory.
Locator:
• A locator is a specific spot within a sub-inventory where items are stored.
• Think of it as a shelf, bin, or designated area within the storeroom or receiving
dock.
• Locators help keep track of where items are stored and make it easier to find them
when needed.
Miscellaneous Transactions
Click on + option and then Movement request no will get generated automatically. Select transaction type
accordingly. Select source and destination sub inventory also and add the item and the quantity and click on submit.
Create Picks
Once a movement request is submitted, the next step is to create a pick. To do this, select "Manage
Reservations and Picks". Navigation: Springboard -> Supply Chain Execution -> Inventory Management ->
Tasks -> Inventory -> Manage Reservations and Picks
Then from Actions, select Create Picks. Enter the document type and number.
Then Create Pick screen will appear. Select the line and click on create pick slip.
Lot Control
• Oracle Inventory allows for complete serial number support in inventory transactions.
• Serial number control can be enabled for specific items, allowing for individual tracking.
• Each unit of an item under serial number control is assigned a unique serial number.
• The same serial number is referenced for each transaction involving that unit.
• This level of tracking enables tight control over every unit of every item in the inventory.
• Examples:
• Automobiles: Each car produced by a manufacturer can be assigned a unique serial number for
tracking purposes.
Thank you!