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Procurement & Logistics

Oracle Inventory Management Fundamentals




Introduction:

This Inventory Management training teaches you the fundamentals to implement Oracle Inventory. Learn to define organization parameters, define items and units of measure, perform inventory transactions as well as other implementation activities.

Targeted Groups:

  • Procurement Professionals
  • Inventory Managers
  • Inventory Professionals
  • Logistic Professionals
  • Oracle Administrators

Course Objectives:

At the end of this course the participants will be able to:

  • Set up organizations that correspond to your business units in Oracle Applications.
  • Define inventory items for Oracle Supply Chain Applications.
  • Perform inventory replenishment.
  • Perform ABC classification and cycle count.
  • Define items and enable lot control and serial control.
  • Perform inventory transactions.
  • Use mobile devices to perform inventory transactions.
  • Enable dual unit of measure control.
  • Understand how to perform inventory transactions using a mobile device
  • Understand how to define material statuses
  • Understand how to define and maintain a cycle count
  • Create an ABC ranking of items to be used in cycle counting
  • Understand the overall inventory process in Oracle Inventory
  • Understand how to view on-hand quantities
  • Understand the structure of an inventory organization in Oracle Inventory
  • Understand the planning and replenishment methods available in Oracle Inventory including min-max planning, reorder-point planning, replenishment counting, and Kanban replenishment
  • Understand the role of an item-master organization
  • Define items in Oracle Inventory
  • Understand the concept of move orders
  • Learn to implement locator, revision, serial, and lot control for items
  • Perform inventory transactions such as sub inventory transfer and inter-organization transfer
  • Set up shipping networks between inventory organizations and understand the significance of direct shipment and in-transit shipment
  • Understand how to create units of measure
  • Understand how to create reservations

Targeted Competencies:

  • Inventory management
  • Oracle

Course Content:

Unit 1: Overview of Oracle Inventory:

  • Receiving Inventory
  • Transferring Inventory
  • On-hand and Availability
  • Issuing Inventory
  • Inventory Accuracy
  • Discussing Inventory Application Integration

Unit 2: Defining Inventory Organizations:

  • Overview of Inventory Structure
  • Setting up the Inventory Organization Structure
  • Defining Organization Parameters
  • Defining Subinventories and Locators

Unit 3: Units of Measure:

  • Defining Units of Measure

Unit 4: Defining and Maintaining Items:

  • Defining Items Process
  • Using Item Templates
  • Assigning Items to Organizations
  • Categories, Category Sets, and Catalogs
  • Deleting Items

Unit 5: Lot and Serial Control: 

  • Setting up Lot Control
  • Maintaining Serial Information
  • Maintaining Lot and Serial Genealogy

Unit 6: Transaction Setup: 

  • Defining Transaction Types
  • Defining Picking Rules
  • Defining Account Aliases
  • Opening and Closing Accounting Periods
  • Setting up Move Orders
  • Material Shortage Alerts and Notifications

Unit 7: Issuing and Transferring Material: 

  • Managing Receipts
  • Performing Transactions
  • Performing Move Orders
  • Performing Mobile Transactions
  • Managing Shipments

Unit 8: On-Hand and Availability:

  • Using the Material Workbench
  • Creating Available to Promise Rules
  • Managing Reservations

Unit 9: Inventory Replenishment:

  • Defining Replenishment
  • Inventory Forecasting Methods
  • Replenishment Counting
  • Kanban

Unit 10: Inventory Accuracy Fundamentals:

  • Defining Counting
  • ABC Analysis
  • Cycle Counting
  • Physical Inventory