Oracle Inventory

Oracle Inventory

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 Description
Oracle Inventory maintains quantities on hand using a variety of stock maintenance tools, controlled transactions, and planning methods.

Organization and Item Definition

•Set up inventory structure.

•Group inventory organizations into multilevel, hierarchical trees for managing large organization structures.

•Define stock and nonstock parts.

•Establish planning and purchasing attributes.

•Track inventory by item, item revision, serial number, or lot number.

Transactions and Maintenance

•Receive parts from and return parts to suppliers.

•Transfer inventory between organizations directly or as in-transit shipments.

•Create move orders for subinventory transfers.

•Receive alerts or notifications about material shortages.

•Add material overhead to the cost of a part.

•Conduct inventory cycle counts based on ABC classification.

•Record physical inventory counts and adjustments.

•Track serial controlled items from receipt through work in process and inventory to the customer sale.

Forecasting and Planning

•Generate forecasts for future product demand.

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Generate requisitions using the min/max or the reorder point planning methods.

 

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Oracle Inventory Item Definition

An item definition is defined for inventory items (part numbers), engineering items (bills of material), and purchasing items (outside processing). For each item definition, you can specify cost information, unit of measure, lead times, physical attributes, and other pertinent business information related to each unique item.

An item is defined in an item master organization. Then, you assign it to other organizations that need to recognize this item.

 

(N) Inventory > Items > Item Master