The following are the three components used in a traction
A Traction Source Type and a Traction Action come together to form a Traction Type.
This wills determine whether to consider the onhand of the sub inventory as available for planning tasks.
So that we can have an item maintained at master level with common attributes and then we can use the same item across multiple organizations instead of defining it again and again.
Cycle count adjustment, Physical inventory adjustment, adjusting inventory quantity within an inventory organization and decrementing on-hand balances from a subinvemtory.
ABC analysis determines the relative value of a group of inventory items based on a user specified valuation criterion.
This technique divides inventory into three categories A, B & C based on their annual consumption value.
It is also known as Selective Inventory Control Method (SIM).
It is a facility which will enable you to store and tract the items. It can be a manufacturing unit, ware house, distribution center etc.
MO generally is the request of movement of items in one organization. It may be of from 3 sources, MO requisition, Replenish MO, Pick Wave MO. MO can be MO Issue which will issue the item from the location and MO trfer which ll trfer the item to another location.
Move orders generated as part of Pick Wave are the ones from Sales order.
The list of time zones and their other details can be found from below 2 tables.
We can define different status for an item combination these attributes as per the business need.
Following are the attributes:
The Rules workbench enables you to assign strategies, rules and cost group values directly to any number of objects in an assignment matrix.
Shipping methods are the way you ship material. When you create a shipping method, you must enable it before you can use it in a shipping network. If you disable a shipping method, it cannot be used in a shipping network.
A traction type is a combination of a traction source type and a traction action. It is used to classify a particular traction for reporting and querying purposes.
Ex: Sales order issue (txn type) + issue from stores (txn action) = sales order (txn source type).
Move order trfer (txn type) + sub inventory trfer (txn action) = move order (txn source type).
Mainly 2 types Linear (1 dimensional) and Matrix (2D).
There are 5 different planning methods in oracle Inventory:
Lot control can be setup at item attributes at organization level.
Either No Control or Full Control.
Yes we can change the name in master level.
Seven KFF are there in Inventory:
Min-Max planning is a tool for planning inventory that looks at user-defined minimum and maximum inventory levels. It does not consider lead times.
We can perform this technique at org level or sub inventory level.
Consignment Inventory is inventory that is in the possession of the customer, but is still owned by the supplier. In other words, the supplier places some of his inventory in his customer’s possession (in their store or warehouse) and allows them to sell or consume directly from his stock. The customer purchases the inventory only after he has resold or consumed it. The key benefit to the customer should be obvious; he does not have to tie up his capital in inventory. This does not mean that there are no inventory carrying costs for the customer; he does still incur costs related to storing and managing the inventory.
A revision is a particular version of an item, bill of material, or routing. Revision control is normally enabled for identifying a modified item. Item can be placed under revision control by checking the box `Revision control` in Inventory tab while defining new item or for existing item. Base table for Item Revision is MTL_ITEM_REVISIONS.
A traction is an item movement within, into or out of inventory. A traction changes the quantity and location of an item.
The following are the different inventory tractions:
Yes. If you will not create any specific master org, then system will consider the same inv org as its master org.
Item attributes are the collection of information about an item. These are used to store specific characteristics of an item, such as item status, unit of measure, revision control, etc. these can be controlled at either the master or the organization level. These attributes are stored in a table named MTL_ITEM_ATTRIBUTES.
Miscellaneous traction: This traction is used to do adjustments in stock due to damage, obsolescence, issuing items for R & D or issuing track able expense items.
Sub inventory trfer: This traction is used to trfer goods from one sub inventory to another within the same inventory organization.
InterORG trfer: This traction is used to trfer goods from one inventory organization to another.
Receiving traction: This traction is used to move goods from receiving dock to specified sub inventory and locator.
Sales issue: This traction is used to move goods from pick sub inventory to staged sub inventory.
WIP issue: This traction is used to issue materials against production orders.
A category is a logical classification of items that have similar characteristics.
A category set is a distinct grouping scheme and consists of multiple categories. An item can belong to any number of category sets. We can assign item to one category within each category set. The categories can be retrieved from the table ‘MTL_CATEGORIES_B‘ and item category set from ‘MTL_CATEGORY_SETS_B’.
Inventory Control is the process by which inventory is measured and regulated according to predetermined norms such as economic lot size for order or production, safety stock, minimum level, maximum level, order level etc.
Oracle Inventory provides the following flex fields:
When on-hand quantity + supply – demand is less than safety stock (safety stock is nothing but minimum inventory level)
[On-hand quantity] + [supply] – [demand] < [min inventory level]
Traction manager is the interface managers which carry out all traction once submitted by the users.
You can generate new Lot numbers during tractions.
Reorder point planning uses demand forecasts to decide when to order a new quantity to replenish inventory. Reorder point planning suggests a new order for an item when the available quantity (on-hand quantity plus planned receipts) drops below the item’s safety stock level plus forecast demand for the item during its replenishment lead-time. The suggested order quantity is an economic order quantity that minimizes the total cost of ordering and carrying inventory. Oracle Inventory can automatically generate requisitions to inform your purchasing department that a replenishment order is required to supply your organization.
If the forecast is correct and the order arrives on time, the inventory level should be right at the safety stock level at the time of receipt. In cases where the desired safety stock level changes during the order lead time, Oracle Inventory uses the largest safety stock quantity during the lead-time.
When an order is triggered, the EOQ is the size of the triggered order.
EOQ = square root of: [(2 X annual demand X order cost) / (carrying cost percent X Unit cost)]
Oracle Inventory calculates annual demand as the current demand rate annualized by multiplying the current period demand forecast by the number of periods per year (12 or 13).
Reorder point planning can be performed at the organization level only.
We can setup locator control in 4 diff ways for each sub inventory:
None: There will not be any locator information required during any traction.
Prespecified: System will ask you to select locator combinations which already been defined in the sub inventory during the traction.
Dynamic Entry: Either you can select any locator during traction or you can create a new combination.
Item Level: This will take the locator which has been defined at item attribute level.
An Item template is a set of attributes that enable the user to quickly create an Item. You can use the existing templates are you can create your custom template.
Warehouse Management (WMS) enables companies to maximize their utilization of labor, space and equipment investments by coordinating and optimizing resource usage and material flows. Specifically designed to support the needs of distribution, manufacturing, asset-intensive, and service businesses, Oracle WMS provides a single-platform across your entire global supply chain.
Min Max planning report under planning menu in Inventory responsibility