Oracle Inventory Physical Count

Physical Inventory count Oracle Inventory

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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 to perform Physical Count 

1- Define a physical inventory:

2- Take a snapshot of system on-hand quantities. 

3- Generate alphanumeric tags. 

4- Void unused or lost tags. 

5- Approve or reject physical inventory adjustments 

6- Purge physical inventory information. 

Performing Physical Inventory:

Navigation:Inventory > Counting > Physical Counting

Enter Name

Description

Approvals

Tolerances 

then click on Snapshot.

Enter Starting Tag

And Digit increments

Then Click on Generate Button

Run the above report to generate tags.

Fill the parameters.

Press Ok to run the report.

Then click on Output.

Tags will be generated as per the screen shot.

Take the tags prints and count the inventory.

Enter the counted quantity of the items.

Then update the record with the count quantity.


Navigate to the Tag Count window.

Physical Inventory > Tag Counts

Enter the counted quantity in the Qty Field.

Enter quantities in the as manually counted.

Save the record.


Navigation :Physical Counts > Approve Adjustments

Click Approve All to Approve the adjustments.

Then Launch the adjustments.

Navigation: Tools > Launch Adjusments

Adjustment will be posted automatically.

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