Synchronization of Asset Retirements Between SCM Installed Base and Fixed Asset

Synchronize updates between Supply Chain Installed Base and Fixed Assets for the retirement of serialized assets. This ensures accurate operational and financial information regarding the company's fixed assets activities.

Automatically terminate the Installed Base asset while retiring the corresponding fixed asset in Oracle Assets. In addition, automatically initiate the retirement of the fixed asset while terminating the associated installed base asset. This bidirectional integration between the Installed Base and Oracle Assets ensures consistency between the operational and financial asset information.

To synchronize installed base from Oracle Assets, follow these steps:

  1. Retire the asset.

Retire Asset

  1. Notice that a new Terminate installed base asset checkbox has been added to the UI. This checkbox will appear only if the fixed asset has any related installed based assets that are eligible for synchronization.
  1. Select this checkbox to terminate the related installed base asset.
  1.  Navigate to the Manage Assets page of Oracle Installed Base within SCM to verify that the asset has been end-dated.

NOTE: In exceptional cases, like when the asset's net book value is zero, it may be retired from Oracle Assets while still in operation in the field. In these scenarios, refrain from selecting the "Terminate Installed Base Asset" flag for the retirement transaction. Consequently, the Installed Base asset will remain operational, and the association between the two assets will simply be end-dated. This will effortlessly sever the connection between the installed base asset and its associated fixed asset, eliminating the need for manual intervention and reducing administrative burdens.

Business benefits include:

  • Swiftly terminate an installed base asset immediately following its retirement in Oracle Assets, streamlining asset management processes.
  • Enhanced accuracy in both operational and financial asset information, fostering data integrity and enabling informed decision-making.

Steps to Enable

Use the Opt In UI to enable this feature. For instructions, refer to the Optional Uptake of New Features section of this document.

Offering: Financials

Offering: Manufacturing and Supply Chain Materials Management

  • Use the opt-in for Synchronize Changes Between Installed Base and Fixed Assets for Asset Terminations feature in Supply Chain Management to enable this feature.
  • Setup and Maintenance > Manufacturing and Supply Chain Materials Management > Change Feature Opt In > Maintenance Management > Edit Feature >

Enable Opt In

Tips And Considerations

When retiring the asset for synchronizing the changes between Installed base and Fixed Assets, ensure that these conditions are met:

  • Assets with a one-to-one mapping of fixed asset to installed base asset 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.
  • Synchronization is for fully retired assets only.
  • The "Terminate installed base asset" check box is enabled while retiring the asset.

For the synchronization of retirement transactions between Installed Base and Oracle Assets, please refer to the steps outlined in the "What's New" summary for the "Synchronize Changes Between Installed Base and Fixed Assets for Asset Terminations" feature in Supply Chain Management.

Key Resources

Access Requirements

Users who are assigned a configured job role that contains these privileges can access this feature:

  • Create Mass Fixed Asset Retirement (FA_CREATE_MASS_FIXED_ASSET_RETIREMENT_PRIV)
  • Manage Fixed Asset Retirements (FA_MANAGE_FIXED_ASSET_RETIREMENTS_PRIV)
  • Post Mass Fixed Asset Retirement (FA_POST_MASS_FIXED_ASSET_RETIREMENT_PRIV)
  • Prepare Fixed Asset Retirement in Spreadsheet (FA_PREPARE_FIXED_ASSET_RETIREMENT_IN_SPREADSHEET_PRIV)
  • Retire Fixed Asset (FA_RETIRE_FIXED_ASSET_PRIV)

Users can only access the Manage Assets page of Oracle Installed Base within SCM if they have following privileges:

  • Manage Customer Assets (CSI_MANAGE_CUSTOMER_ASSETS_PRIV)
  • View Customer Assets (CSI_VIEW_CUSTOMER_ASSETS_PRIV)
  • Manage Enterprise Assets (CSE_MANAGE_ENTERPRISE_ASSETS_PRIV)
  • View Enterprise Assets (CSE_VIEW_ENTERPRISE_ASSETS_PRIV)