Overview of Physical Inventory (Oracle Inventory Help)


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Overview of Physical Inventory

Oracle Inventory provides a fully automated physical inventory feature that you can use to reconcile system-maintained item on-hand balances with actual counts of inventory. Accurate system on-hand quantities are essential for managing supply and demand, maintaining high service levels, and planning production.

Steps Involved

Define a physical inventory for your whole warehouse or subdivisions within your warehouse. See: Defining a Physical Inventory.

Take a snapshot of system on-hand quantities. See: Taking a Snapshot of Inventory Quantities.

Generate alphanumeric tags. See: Generating Physical Inventory Tags.

Void unused or lost tags. See: Entering and Voiding Physical Inventory Tag Counts.

Approve or reject physical inventory adjustments based on approval tolerances. See: Approving Physical Inventory Adjustments.

Automatically post adjustments to inventory balances and general ledger accounts. See: Processing Physical Inventory Adjustments.

Purge physical inventory information. See: Purging Physical Inventory Information.

Overview of Physical Inventory

Steps Involved

See Also