How Asset Retirements Are Synchronized Between Installed Base and Oracle Assets

When you retire an asset in Oracle Assets, you can automatically terminate the corresponding Installed Base asset. You can also automatically begin the retirement of an asset in Oracle Assets while terminating the associated Installed Base asset.

This bidirectional integration between Oracle Supply Chain Management (SCM) Installed Base and Oracle Assets ensures consistency between the operational and financial asset information.

Before retiring an asset that's synchronized between Installed Base and Assets, ensure that these conditions are met:

• Assets must be created in the Installed Base.
• Assets must have a one-to-one mapping of fixed assets to Installed Base assets. The association must not exceed a quantity of one.
• If there are multiple fixed assets associated with a single Installed Base asset, ensure that only one of the fixed assets has the Eligible to Sync checkbox enabled.
• Assets must be fully retired.
• The Terminate installed base asset checkbox must be enabled while retiring the asset.
  Note: This checkbox is enabled only if the Eligible to Sync checkbox is enabled in the Installed Base asset.

To enable the feature, follow these steps:

1. Sign in as an implementation user.
2. Navigate to My Enterprise > Offerings.
3. Click Manufacturing and Supply Chain Materials Management.
4. Click the Opt In Features button.
5. Scroll to Maintenance Management.
6. Click the Edit icon next to Maintenance Management.
7. In the Edit Features: Maintenance Management page, scroll to the Synchronize Changes Between Installed Base and Fixed Assets for Asset Terminations feature.
8. Click the Enable checkbox.
9. Click Done.