R12-Create Inventory Oragnization

R12-Create Inventory Organization

This document will help you to understand the steps to create an Inventory Organization in Oracle R12. You can download the document from the link R12-Create Inventory Organization

INV-Cycle Counting Process-R12

INV-Cycle Counting Process-R12:

Cycle Counting Process Overview:

Cycle Counting is a process of periodic counting of the individual item / all the items throughout the

the course of the year to ensure the accuracy of inventory quantities and values.

We can do the cycle counting at Organization / Sub Inventory Level.

For more details and to download the document visit the link INV-Cycle Counting Process in R12 Inventory

INV-Key-Flex field In Inventory R12

INV-Key-Flex field In Inventory

Oracle Inventory Flexfields Oracle Inventory provides the following flex-field: 

1. System Items 

2. Item Catalogs 

3. Item Categories 

4. Stock Locators 

5. Account Aliases 

6. Sales Orders

For more detail and to download the document please visit the link INV-Key Flexfileld in Oracle Inventory

INV-Physical Inventory process in R12

INV-Physical Inventory process in R12:

Physical Inventory Process Overview:

Physical Inventory is a periodic reconciliation of system on-hand balances with physical counts in

inventory. Performed to verify the accuracy of system on-hand quantities, for the entire

organization or for particular sub inventories within an organization. 

Physical Inventory is a process designed to count all the inventory of all items at one time. Adjustments are then reviewed and posted to the general ledger. Performed to ensure accuracy for tax, audit, and effective planning purposes.

The primary purpose is to verify the financial value of the inventory for financial auditors and

to verify the item detail for planners.

Physical Inventory – performed periodically (also known as Periodic (annual) Inventory)

Cycle Counting – performed every period (ABC Analysis is a method of Cycle Counting)

For more details and to download the link please visit the link INV-Physical Inventory Process in R12