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Physical Inventory Counts

Use the tags that you generated to record your physical counts. If you use default tags for your physical inventory, you can automatically query all tags and fill in the counts. You can also query a subset of your tags by any combination of tag number, item, revision, subinventory, locator, lot, and serial number. You would use this partial tag query feature if you prefer to enter your counts by location or item, or for a particular tag number range.

If you use any blank tags in your physical inventory, you can query up the tags by tag number. You can then enter the necessary item, revision, subinventory, locator, lot, and serial number information, as well as the actual count quantity and the name of the employee who performed the count.

If you enable dynamic tag entry for your physical inventory, you can enter counts for any item and stock-keeping unit combination without a pre-generated tag number.

Oracle Inventory uses the counts you enter for your tags to determine if your items need quantity adjustments; and if so, whether you need to approve them. If you set your approval option for your physical inventory to Not required for adjustments, you are ready to process your adjustments.

If you set your approval option to Required for adjustments out of tolerance, Oracle Inventory holds for approval all tags with counts that are outside the limits of the quantity variance or adjustment value tolerances.

If you set your approval option to Required for all adjustments, Oracle Inventory holds all counts for approval.

Void Tags

It is important for auditing purposes to track the status of each physical inventory tag. Therefore, if you do not use one or more of the tags Oracle Inventory generates, you should void them in the Physical Inventory Tag Counts window. A voided tag is not reported as a missing tag in the Physical Inventory Missing Tag Listing.

If you generated a certain number of blank tags at the beginning of your physical inventory, and ended up not using all of them, you would void the unused tags. When you run the Physical Inventory Missing Tag Listing for the whole range of tags you initially generated, the unused ones are accounted for and appear as voided tags.

If you void a default tag, (i.e. a tag that identifies a stock-keeping unit for which there is system on-hand quantity), Oracle Inventory adjusts the quantity in that location to zero. This indicates that you did not use the tag in question, presumably because the stock-keeping unit corresponding to the tag did not exist.

See Also

Overview of Physical Inventory

Entering and Voiding Physical Inventory Tag Counts

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