Financials 12: Inventory Management Fundamentals

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Course Overview

This class focuses on the features, functions, and benefits of Oracle Inventory. Students learn how to define items, enable lot control, enable serial control, enable dual unit of measure control, perform inventory transfers, perform inventory replenishment, perform a cycle, view on-hand quantities, create reservations, and setup material statuses. Students also learn where Oracle Inventory fits in the overall enterprise structure.

This course reflects the logical flow of the processes involved in inventory management. For example, this course covers defining items, receiving items, issuing items, and replenishing items in the same order. The exercises in this course provide hands-on experience on using Oracle Inventory to perform many of the processing and inquiry transactions such as receiving, moving, replenishing inventory items, and generating count tags for physical inventories. The hands-on exercises also help you understand how to use mobile devices to perform transactions such as cycle counting and inventory replenishment.

• Set up organizations that correspond to your business units in Oracle Applications
• Define inventory items for Oracle Supply Chain Applications
• Perform inventory replenishment
• Perform ABC classification and cycle count
• Perform inventory transactions
• Use mobile devices to perform inventory transactions

Audience

• End Users
• Functional Implementer

Prerequisites

• Basic understanding of Inventory Management principles
• R12 eBusiness Suite Essentials for Implementers

Skills Gained

• Understand the structure of an inventory organization in Oracle Inventory
• Understand how to perform inventory transactions using a mobile device
• Understand the planning and replenishment methods available in Oracle Inventory Including min-max planning, reorder-point planning, replenishment counting, and Kanban replenishment
• Understand the role of an item-master organization
• Define items in Oracle Inventory
• Understand the concept of move orders
• Learn to implement locator, revision, serial, and lot control for items
• Perform inventory transactions such as subinventory transfer and interorganization transfer
• Set up shipping networks between inventory organizations and understand the significance of direct shipment and in transit shipment
• Understand how to create units of measure
• Understand how to create reservations
• Understand how to view on-hand quantities
• Understand how to define material statuses
• Understand how to define and maintain a cycle count
• Create an ABC ranking of items to be used in cycle counting
• Understand the overall inventory process in Oracle Inventory

Course Outline

Overview of Oracle Inventory

• Receiving Inventory
• Transferring Inventory
• On-hand and Availability
• Issuing Inventory
• Inventory Accuracy
• Discussing Inventory Application Integration

Inventory Structure

• Overview of Inventory Structure
• Setting up the Inventory Organization Structure
• Defining Organization Parameters
• Defining Shipping Networks
• Defining Subinventories and Locators

Defining and Maintaining Items

• Defining Items Process
• Using Item Templates
• Assigning Items to Organizations
• Categories, Category Sets, and Catalogs
• Deleting Items

Lot and Serial Control

• Setting up Lot Control
• Maintaining Serial Information
• Maintaining Lot and Serial Genealogy

Transaction Setup

• Defining Transaction Types
• Defining Picking Rules
• Defining Account Aliases
• Opening and Closing Accounting Periods
• Setting up Move Orders
• Material Shortage Alerts and Notifications

Issuing and Transferring Material

• Managing Receipts
• Performing Transactions
• Performing Move Orders
• Performing Mobile Transactions
• Managing Shipments

On-hand and Availability

• Using the Material Workbench
• Creating Available to Promise Rules
• Managing Reservations

Inventory Replenishment

• Defining Replenishment
• Inventory Forecasting Methods
• Replenishment Counting
• Kanban

Inventory Accuracy

• Defining Counting
• ABC Analysis
• Cycle Counting
• Physical Inventory

Follow On Courses

• 11i Oracle Warehouse Management Fundamentals
• R12 Oracle Purchasing Fundamentals

Financials 12: Inventory Management Fundamentals / D49489GC10