Oracle SCM functional interview FAQ:
1) Difference between physical and Cycle Count?2) Why cant we do
physical Count as Cycle count?3) How to achieveCross Dock for
partial quantity or Cross docking for 1 Sales Order and not for
other Sales order?4) How to print label for different supplier
during receiving differently?5) Difference between Planned PO and
BPA?6) Can we auto create standard PO fromGBPA same as release
created from BPA?7) How we can assign the tasks to employees
automatically?8) How to query in Warehouse Control Board?9) Can we
copyRFQ on quotations?10) How mails sent to supplier after
approving PO?11) Types of routing in Receiving?12) Can we use 2 way
on inventory items?13) InReceiving options, what are the major
fields?14) Approval hierarchy/routing based on similar
position/names?15) How to AutoPrint WMS label for one item and not
for other?16) Use ofPOForward documents in Management?17) Can we
create standard PO by create release functionality?18) How XML
label data sent to printer? I.e. its not printing as shown in XML
therefore so how printer print labels?19) I want to display all 3
thing say item, LPN and Sub inventory in same line. How to achieve
that?20) How to useAdvance pricingin Purchasing?21) Item attribute
in MRP and General planning tabs in item setups?22) is it possible
to send notification to all your supervisors in employee supervisor
hierarchy?23) What are basic setups to use MSCA or WMS?24) Why
there is a need of two blanket PO in ASL attributes?25) How
machines assigned to a particular task? is machine is also a
resource or only person is a resource? if machine is not a resource
how we assign it to a person or task?26) Type of Label in WMS?27)
Type of label formats in WMS?28) Reason to select employee
supervisor or position hierarchy? advantages and disadvantages of
both?29) If we don't want to use PO functionality? just say create
requisition and receive material. is it possible?30) Is it possible
to send notification to all your supervisors in employee supervisor
hierarchy ?31) Difference between min max and reorder point?
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Thursday, July 3, 2014Order Management Interview Questions Part
2 1. What are the various order management processes supported by
oracle OM Standard orders: This method supports Make to Stock
business model where the products are made and kept in stock. The
products are then shipped to the customer based on his order.
Configure to orders: this method supports Assemble to Order
business model. The product configuration is chosen at the time of
sales order entry. WIP job is created based on the requirement of
the sales order Drop ship orders: In this method, your supplier
will ship the goods to your customer on your behalf Internal sales
orders: Internal sales orders are created across two different
organizations of the same business group. Internal requisition is
raised first and is converted to an internal sales order where the
items are shipped based on the quantity specified in the internal
sales order.
2. Describe the order flow in Order to Cash life cycle Enter the
sales order Book the sales order Pick release Ship confirm Auto
Invoice generation Creating receipt Transfer to GL3.Describe the
processes involved after entering sales order? The items specified
on the order are validated in Oracle Inventory The price of the
items are calculated using the pricing engine The availability of
the items are checked and may be reserved The items are then pick
released and shipped to the customer.4. What are the different
types of sales orders available? Standard Mixed Return5. When is an
item eligible for customer order?When the attributesCustomer
OrderedandCustomer order enabledare checked in the order management
tab of Master Items.6. Describe the Header status during the sales
order process?Entering the sales order EnteredBooking the sales
order BookedPick release the order BookedShip confirm the order
BookedRunning interface trip stop Booked7. Describe the line status
during the sales order process?Entering the sales order
EnteredBooking the sales order Awaiting shipping (when sufficient
quantity is available)Supply eligible (when sufficient quantity is
not available)Pick release the order PickedShip confirm the order
ShippedRunning interface trip stop Closed8. Differentiate available
quantity and on-hand quantity?Available quantity + Reserved
quantity = On-hand quantity9. Differentiate Supply Eligible Status
and Supply Partial Status?Supply EligibleWhen there is no
sufficient quantity available.Example: When user tries to book a
sales order for Item TestItem for a quantity of 10 but the item
contains zero quantity. Then the Sales Order Line Status change to
Supply Eligible.Supply Partialwhen the quantity is partially
available.Example: When user tries to book a sales order for Item
TestItem for a quantity of 10 but the item contains only 4
quantities. Then the Sales Order Line Status changes to Supply
Partial.10. Describescheduling in sales order?It is a process of
communicating the balance between customer demand and a companys
ability to fulfill an order from current inventory and supply
sources11.What are the various ways of scheduling the sales order?
Setting Profile option OM:AutoSchedule to yes From Tools
Menu->Check Autoschedule Checkbox in Sales Order Screen. Right
Click on Sales Order Line ->Scheduling->Schedule. Schedule
Order Concurrent Program.12. Differentiate ship set and arrival
set?In theship set process, the user would like to ship group of
order lines from same warehouse to same location. If Order Lines
are grouped under ship set, then until all lines in the ship set
satisfy the demand, you cannot ship the goods to customer.In
theArrival Setprocess, the customer requests specific order lines
to arrive together13. What are the Process Constraints?Processing
Constraints allow Order Management users the ability to control
changes to sales orders, at all stages of its order or line
workflows to avoid data inconsistencies and audit problems.14.At
what stage an order cannot be cancelled?An order cannot be
cancelled when it is Pick confirmed.15.What are picking rules?A
user-defined set of criteria to define the priorities Order
Management uses when picking items out of finished goods inventory
to ship to a customer. Picking rules are defined in Oracle
Inventory.16. What are Defaulting Rules?While creating the order,
you can define defaulting rules so that the default values of the
fields pop up automatically instead of typing all
information.17.What are validation templates?A validation template
names a condition and defines the semantics of how to validate that
condition. Validation templates can be used in the processing
constraints framework to specify the constraining conditions for a
given constraint.18. What is pick slip?Pick slip is a shipping
document that the pickers use to locate items in the warehouse/
inventory to ship for an order.19.What is packing slip?It is a
shipping document that is sent along with the shipment which
details the contents that are sent in that shipment.20. What is
shipping exceptions report?Shipping exceptions report prints the
exceptions messages during ship confirmation.21Explain Bill of
Lading?It is a legal document between the shipper of a particular
item and the carrier detailing the type, quantity and destination
of the good being carriedThe bill of lading also serves as a
receipt of shipment when the good is delivered to the predetermined
destination. This document must accompany the shipped goods, no
matter the form of transportation, and must be signed by an
authorized representative from the carrier, shipper and
receiver.22. What is Interface trip stop?ITS is triggered at the
time of shipping if the option defer interfaceis not checked. When
this report is run, it performs two main things:Update the order
management (OE_ORDER_LINES_ALL)Trigger the inventory interface (TO
UPDATE Inventory tables)23. When is drop ship order created?
Customer requires an item that is not stocked normally Customer
requires large quantities of the item that is not available with
you It is more economical when the supplier sends the item directly
to the customer24. What is ASN?It is an advanced Shipment Notice
which is transmitted via Electronic Data Interchange (EDI) from a
supplier to let the receiving organization know that the shipment
is arriving.The ASN contains the shipment date, time,
identification number, packing slip data, freight information
etc25. What is Autoinvoice?It is a concurrent program which is used
to perform the invoice processing. Once the order or lines are
eligible for invoicing, the invoice interface workflow activity
interfaces the data to reeivables26. Explain the difference between
a credit memo and an invoice?Credit memo is raised to partially or
fully reverse an original invoice amountAn invoice is generated in
receivables which show the amount owed by the customers for the
purchase of goods or services. It may also contain tax and freight
charges27. What is FOB?The term FOB means Freight (or free) on
Board is commonly used when shipping goods to indicate who pays
loading and transportation costs, and/or the point at which the
responsibility of the goods transfers from shipper to buyer.FOB
shipping point or FOB origin indicates the buyer pays shipping cost
and takes responsibility for the goods when the goods leave the
sellers premises. FOB destination designates the seller will pay
shipping costs and remain responsible for the goods until the buyer
takes possession.28. What are the different RMA Order Types?RMA
with Creditis used when the customer returns the physical product
and also receives credit as a result of the return.RMA no Creditis
used when the customer will return the product but will not be
receiving a credit as a result of the return.RMA Credit onlyis used
when the customer will receive a credit, but the physical return of
the product is not required.29. What are the necessary setups to
perform Internal Sales Order? Internal Order and Internal Ordered
Enabled set to Yes. Shipping Network(Intransit or Direct) must be
defined. Internal Customer must be defined30.What are Modifiers and
Qualifiers?Modifiers are discount, surcharge or special charge that
may be applied to the base price and may alter the value of the
item. It can be applied either at order level or at the line
level.A qualifier helps you define who is eligible for a price list
or modifier. A qualifier can be a customer name, a customer class,
an order type, or an order amount that can span orders.31. What are
the possible reasons for Interface trip stop to complete with
Error?Few reasons may be1) Order is on Hold2) Tax is not applied
properly3) On-Hand qty is not available in the Inventory4)
Inventory Period is not open5) Make sure Schedule Ship Date or
Requested Date is within the range of order Date Interview EBS Quiz
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Monday, June 2, 2014Order Management Interview Questions
Following questions I have came across on various blogs and sites
and posted for your reference here also
Q: What are the Process Constraints?
A: Processing Constraints allow Order Management users the
ability to allow or disallow changes to various Order Management
documents like Sales order, Sales agreement etc to avoid data
inconsistencies and audit problems. You can access it at
OM>setup>Rules>security>Processing Constraints
Q: What is a Pick Slip Report?A: Pick slip report is generated
after release sales order and it is used by warehouse personnel to
pick item from various inventories for shipping them to a
customer.
Q: At what stage an order cannot be cancelled?A: If the order is
Pick Confirmed, it cannot be cancelled.
Q: When the order import program is run it validates and the
errors occurred can be seen in?A: Order Management Responsibility
>Orders, Returns : Import Orders> Corrections
Q: What is the difference between purchase order (PO) and sales
order?A: Purchase Order: The document which is created and sent to
supplier when we need to purchase something. (Buying)
Sales Order: The document which is created when customer places
an order to buy something. (Selling)
Q: What are primary and secondary price lists?A: Price list
contains information on items and its prices. The pricing engine
uses secondary price lists when it cannot determine the price for
an item using the price list assigned to an order.
Q: Name some tables in shipping/order/move order/inventory?A:
WSH_DELIVERY_DETAILS,WSH_NEW_DELIVERIES, OE_ORDER_HEADERS_ALL,
OE_ORDER_LINES_ALL, MTL_SYTEM_ITEMS_B,
MTL_MATERIAL_TRANSACTIONS
Q: How is move order generated?A: When the order is pick
released, it generate a move order to to pick material from various
subinventories. You can transact it manually or automatically based
on setting in Release orders.
Q: What is ONT stands for?A: ORDER MANAGEMENT
Q: What does Back ordered mean in OM?A: An unfulfilled customer
order due to non-existence of the ordered items in the
Inventory.
Q: What are picking rules?A: A user-defined set of criteria to
define the priorities which Order Management uses when picking
items out of finished goods inventory to ship to a customer.
Picking rules are defined in Oracle Inventory. If WMS installed
then you can define user generated Picking rules and
strategies.
Q: What is drop ship in OM?A: Its a method of directly shipping
product from your supplier to your Customers.
Q: What are Defaulting Rules?A: While creating the order,you can
define defaulting rules so that the default values of the fields
pop up automatically instead of typing all information.
Q: What are validation templates?A: A validation template names
a condition and defines the semantics of how to validate that
condition. Validation templates can be used in the processing
constraints framework to specify the constraining conditions for a
given constraint.
Q: What are different Order Types?A: Order Only, Mixed, RMA
Q: Explain the Order Cycle?A: Book the order > Pick Release
> Pick Confirm > Ship Confirm > Close the order
Q: What is packing slip?A: An external shipping document that is
sent along with a shipment itemizing in detail the contents of that
shipment.
Q: When an order cannot be deleted?A: If the Order is Pick
Confirmed.Simplifying Oracle E Business Suite". This blog is
dedicated to share Oracle Apps Knowledge related to Oracle apps E
Business Suite's Order Management, Procurement, Inventory, WMS,
Supplier Scheduling, OSP, Sys Admin, Useful SQL Queries etc Home
Tutorials Order Management Order Management Advance Pricing EDI RLM
Procurement Procurement Supplier Scheduling Inventory OSP System
Administrator Technical Technical Useful Queries Form
Personalization FND Tables HZ Parties Tables Account Payables
Tables WMS Interview EBS Quiz Books Forum Others Short Stories Earn
From Blogging FAQs Openings Services Contact Us
Monday, June 2, 2014Order Management and Shipping Concepts and
interview Questions What is a Delivery?
A delivery consist of delivery lines that are scheduled to be
shipped to customer ship to location. You can manually or
automatically create a delivery and group lines. A delivery can
have delivery lines from multiple sales order.
You can control Auto createDelivery in Shipping ParametersPick
Release tab and Delivery Groupingcriteriaindelivery tab.
What is a Pick Release?
A Pick Release is to release eligible delivery lines for picking
material to full a customer order. When you pick release, system
find eligible delivery lines to be released for picking based on
release rules and create a pick slip report which then handed over
to operator for picking
Picking rules: Specify which material to be picked based
onpickingrules defined i n oracle inventory. This is used to help
system determines Pick from Sub inventory/Locator.
ReleasesequenceRules:This specify the order in which eligible
delivery lines are released on shop floor. This is based on the
following: Order number Outstanding invoice value Scheduled date
Departure date Shipment priority
What are the methods of Pick Release?
Online Mode: It pick Release immediately without waiting for the
order to process through the concurrentmanager. You can see this
option when releasing sales order from release sales order form.
Concurrent : Thisenableyou to run pick release inbackgroundalong
with other request. Standard Report Submission: SRS you call it.
You can schedule this program and it runs in the background several
time in a day. Shipping Transaction Window: You can use action
button in shippingtransactionform to pick release.
What are Trips? (refer : OracleUG)
A trip is an instance of a specific freight carrier departing
from a particular location containing deliveries.
A trip is carrier specific and contains at least two stops such
as a stop to pick up goods and another stop to drop off goods, and
may include intermediate stops. Trips can be created automatically
or manually.
AutomaticIf your shipping process does not require advanced
planning, you may prefer to automatically create trips:
Auto-creating a trip for a delivery: You can find the delivery
you want to ship, and auto-create a trip and related trip
stops.Auto-creating a trip for containers and lines: You can find
the lines and containers you want to ship and auto-create a trip
which creates a trip, related deliveries, and trip stops.
ManualDuring transportation planning, you can manually create a
trip and later assign delivery lines or find the delivery lines and
create a trip. For example, for a regular trip scheduled to depart
every Friday, you can manually set up a trip ahead of time and then
assign delivery lines. When you manually create a trip, you can
manually assign stops, deliveries, and delivery lines to that
trip.
What is Item Cross Reference?
Item crossreferenceis used to link our item with supplier or
customer item.
What is a Modifier and what are different types of
Modifiers?
A modifier is used to adjust the price on sales order lines. It
includes adjustments, benefits, Freight and special charges.
Examples : Discount List, Freight and Special Charges, Promotion
surcharge.
What are defaulting Rules?
Defaulting rules helps us to automatically default some
information from various sources there by reducing the effort in
entering some of the information in order management. For example
when you enter a Customer on sales order Ship to, Bill To, Price
list etch automatically defaults form customer level setting.
Deafuling rules navigation is
OM>setup>Rules>Defaulting
Customer sites are controlled at what level?
Customer sites are controlled at operating unit level where as
customer are at Business Group Level
What is ATP and why we use it?
ATP Stands for Available to Promise. Its is a business function
which can be used to find out the available quantity when customer
give a request.
ATP=On Hand+ Supply - DemandOn hand: Netable on Hand
quantitySupply : Planned Order, Scheduled Receipts, Discrete
JobsDemand : Sales Orders, Discrete Jobs
You can refer below link. there is excellent slide by apps learn
http://applearn.blogspot.in/2009/03/available-to-promise-atp-in-oracle.html
What is an RMA?
RMA stands for Return Material Authorization. It used to receive
material back from customer if ther eis any defect. You can
configure approvals for RMA.
Whats is a credit check functionality in Oracle
OrderManagement?
Please
referhttp://mandeeporacle.blogspot.com/2014/03/credit-check-functionality-in-order.html
Whats is Over Picking?
Over picking is used to pick more than what is ordered and you
can define over pick tolerances at item level in order management
tab or in profile optionOM: Over Shipment Tolerance
How to Ship in fastest way?
Check the Autodetail option in Pick Release. Set the profile
INV: Detail Serial Numbers to Yes. Inventory will then suggest
serial numbers during the Detailing process. Do not check the Pick
Confirmation Required flag in the Organization Parameters form.
there by avoiding picking conformation step
Can you update the Sales Order once it is Booked?It depends on
processing constraints set up in Order Management. Some of them are
seeded and can not be modified but some you can configure on your
own.
What are the prerequisites of the Sales Order?
You need to define Customers, Price List and Transaction
Types.
What are different order types? Order Return Mixed
Simplifying Oracle E Business Suite". This blog is dedicated to
share Oracle Apps Knowledge related to Oracle apps E Business
Suite's Order Management, Procurement, Inventory, WMS, Supplier
Scheduling, OSP, Sys Admin, Useful SQL Queries etc Home Tutorials
Order Management Order Management Advance Pricing EDI RLM
Procurement Procurement Supplier Scheduling Inventory OSP System
Administrator Technical Technical Useful Queries Form
Personalization FND Tables HZ Parties Tables Account Payables
Tables WMS Interview EBS Quiz Books Forum Others Short Stories Earn
From Blogging FAQs Openings Services Contact Us
Monday, June 2, 2014Order Management and Shipping Concepts and
interview Questions What is a Delivery?
A delivery consist of delivery lines that are scheduled to be
shipped to customer ship to location. You can manually or
automatically create a delivery and group lines. A delivery can
have delivery lines from multiple sales order.
You can control Auto createDelivery in Shipping ParametersPick
Release tab and Delivery Groupingcriteriaindelivery tab.
What is a Pick Release?
A Pick Release is to release eligible delivery lines for picking
material to full a customer order. When you pick release, system
find eligible delivery lines to be released for picking based on
release rules and create a pick slip report which then handed over
to operator for picking
Picking rules: Specify which material to be picked based
onpickingrules defined i n oracle inventory. This is used to help
system determines Pick from Sub inventory/Locator.
ReleasesequenceRules:This specify the order in which eligible
delivery lines are released on shop floor. This is based on the
following: Order number Outstanding invoice value Scheduled date
Departure date Shipment priority
What are the methods of Pick Release?
Online Mode: It pick Release immediately without waiting for the
order to process through the concurrentmanager. You can see this
option when releasing sales order from release sales order form.
Concurrent : Thisenableyou to run pick release inbackgroundalong
with other request. Standard Report Submission: SRS you call it.
You can schedule this program and it runs in the background several
time in a day. Shipping Transaction Window: You can use action
button in shippingtransactionform to pick release.
What are Trips? (refer : OracleUG)
A trip is an instance of a specific freight carrier departing
from a particular location containing deliveries.
A trip is carrier specific and contains at least two stops such
as a stop to pick up goods and another stop to drop off goods, and
may include intermediate stops. Trips can be created automatically
or manually.
AutomaticIf your shipping process does not require advanced
planning, you may prefer to automatically create trips:
Auto-creating a trip for a delivery: You can find the delivery
you want to ship, and auto-create a trip and related trip
stops.Auto-creating a trip for containers and lines: You can find
the lines and containers you want to ship and auto-create a trip
which creates a trip, related deliveries, and trip stops.
ManualDuring transportation planning, you can manually create a
trip and later assign delivery lines or find the delivery lines and
create a trip. For example, for a regular trip scheduled to depart
every Friday, you can manually set up a trip ahead of time and then
assign delivery lines. When you manually create a trip, you can
manually assign stops, deliveries, and delivery lines to that
trip.
What is Item Cross Reference?
Item crossreferenceis used to link our item with supplier or
customer item.
What is a Modifier and what are different types of
Modifiers?
A modifier is used to adjust the price on sales order lines. It
includes adjustments, benefits, Freight and special charges.
Examples : Discount List, Freight and Special Charges, Promotion
surcharge.
What are defaulting Rules?
Defaulting rules helps us to automatically default some
information from various sources there by reducing the effort in
entering some of the information in order management. For example
when you enter a Customer on sales order Ship to, Bill To, Price
list etch automatically defaults form customer level setting.
Deafuling rules navigation is
OM>setup>Rules>Defaulting
Customer sites are controlled at what level?
Customer sites are controlled at operating unit level where as
customer are at Business Group Level
What is ATP and why we use it?
ATP Stands for Available to Promise. Its is a business function
which can be used to find out the available quantity when customer
give a request.
ATP=On Hand+ Supply - DemandOn hand: Netable on Hand
quantitySupply : Planned Order, Scheduled Receipts, Discrete
JobsDemand : Sales Orders, Discrete Jobs
You can refer below link. there is excellent slide by apps learn
http://applearn.blogspot.in/2009/03/available-to-promise-atp-in-oracle.html
What is an RMA?
RMA stands for Return Material Authorization. It used to receive
material back from customer if ther eis any defect. You can
configure approvals for RMA.
Whats is a credit check functionality in Oracle
OrderManagement?
Please
referhttp://mandeeporacle.blogspot.com/2014/03/credit-check-functionality-in-order.html
Whats is Over Picking?
Over picking is used to pick more than what is ordered and you
can define over pick tolerances at item level in order management
tab or in profile optionOM: Over Shipment Tolerance
How to Ship in fastest way?
Check the Autodetail option in Pick Release. Set the profile
INV: Detail Serial Numbers to Yes. Inventory will then suggest
serial numbers during the Detailing process. Do not check the Pick
Confirmation Required flag in the Organization Parameters form.
there by avoiding picking conformation step
Can you update the Sales Order once it is Booked?It depends on
processing constraints set up in Order Management. Some of them are
seeded and can not be modified but some you can configure on your
own.
What are the prerequisites of the Sales Order?
You need to define Customers, Price List and Transaction
Types.
What are different order types? Order Return Mixed
Oracle E Business Suite Hello and Welcome to "Simplifying Oracle
E Business Suite". This blog is dedicated to share Oracle Apps
Knowledge related to Oracle apps E Business Suite's Order
Management, Procurement, Inventory, WMS, Supplier Scheduling, OSP,
Sys Admin, Useful SQL Queries etc Home Tutorials Order Management
Order Management Advance Pricing EDI RLM Procurement Procurement
Supplier Scheduling Inventory OSP System Administrator Technical
Technical Useful Queries Form Personalization FND Tables HZ Parties
Tables Account Payables Tables WMS Interview EBS Quiz Books Forum
Others Short Stories Earn From Blogging FAQs Openings Services
Contact Us
Thursday, July 3, 2014Oracle Inventory Interview Questions What
is an item?Answer: An item is a part or services where you can
Purchase, Sell, Plan, Manufacture, Stock, Distribute and Prototype.
Items can also be containers for items as well as components you
build into other items.
Explain Item Master Organization?Answer: An item master
organization is a logical entity where you define the item. After
you define an item in the item master, you can assign it to any
number of other organizations.
Define Inventory Organization?Answer: It is a facility which
will enable you to store and transact the items. It can be a
manufacturing unit, ware house, distribution center etc.
What is a subinventory?Answer: Subinventiries are unique
physical or logical separations of material inventory. These can be
raw material, finished goods or defective material subinventory.
You must define at least one subinventory. Subinventories are of
two types: Storage and Receiving.Storage subinventories are
intermediate or final put away locations for material. Material
that resides in a storage subinventory appears in on hand quantity,
and is tracked by the system. The system can book orders against,
and use manufacturing processes on material that resides in a
storage subinventory. You must define at least one storage
subinventory for your implementation.Receiving type subinventory is
only used for receiving items. Items in this subinventories cannot
be on-hand or reserved
In which table does the subinventory related information for an
item is stored?Answer: MTL_ITEM_SUB_INVENTORIES
What is a stock locator?Answer: Locators are structures within
subinventories. Locators are the third level in the enterprise
structuring scheme of Oracle Inventory. Locators may represent
rows, racks, or bins in warehouses. You can transact items into and
out of locators. You can restrict the life of locators, establish
capacity of a specific locator in weight or units, as well as
specify dimensions which define a locators capacity by volume.
What are the Key flex fields in oracle Inventory?Answer: Oracle
Inventory provides the following flexfields:System Items, Item
Catalogs, Item Categories, Stock Locators, Account Alias and Sales
Order
What are the basic steps involved in defining an item?
Answer: Create an item in the item master form. Copy the
template from the tools menu to assign specific attributes to the
item and save it. Assign the item to a category from tools menu and
save your work Select organization assignment from tools menu and
assign the item to different inventory organizations by ticking the
checkbox next to the inventory organizations.
What are item attributes?Answer: 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
What is the use of item template?Answer: 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.
What is an item category and category set?Answer: 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 fromMTL_CATEGORY_SETS_B.
Explain unit of measure (UOM) and UOM class?Answer: The unit of
measure (UOM) helps us count the number of items involved in a
transaction or the number of items that are stored in a
subinventory or a locator.UOM classes let you group different UMOs
into one category. Eg, quantitycould be a UOM class under which
each, dozen, lot etc are separate UOMs.
Explain shipping method?Answer: 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.
Describe Interorganization Shipping Networks?Answer: An
inter-organization shipping network describes the relationships and
accounting information between a shipping organization and a
destination organization. You must define a shipping network
between two organizations before you can transfer material between
organizations. When you set up a shipping network you must select a
transfer type:Intransit or Direct.
Intransit: Oracle Inventory moves material to an intermediary
state before it reaches the destination organization. After the
material arrives at the destination organization, you will need a
receipt transaction to retrieve it. If intransit is selected, you
can define: Shipping Methods, GL Accounts to use in transit,
Material ownership during transfer, Planning lead times and
Transfer Charges
Direct: Oracle Inventory moves the material directly to the
destination organization. However, for both transfer types, you can
determine default receipt routing and whether internal orders are
required to transfer material
In which tables are the transactional details are
stored?Answer:MTL_MATERIAL_TRANSACTIONSMTL_TRANSACTIONS_INTERFACEMTL_MATERIAL_TRANSACTIONS_TEMPMTL_TRANSACTION_ACCOUNTS
What is revision control in Oracle Inventory?Answer: 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.
What is Picking Order of Subinventory or Locator? Where will you
define the order?Answer: The value indicates the priority with
which we pick items from subinventory or Locator, relative to
another subinventory or locator, where a given item resides. A
picking order of means that order entry functions pick items from
the subinventory or locator before others with a higher number
(such as 2,3 and so on). The subinventory order is defined in the
subinventory definition and the locator order is defined in the
locator definition. The default order for both the subinventory and
the locator are defined in the organization.
What are the different inventory transactions?Answer: A
transaction is an item movement within, into or out of inventory. A
transaction changes the quantity and location of an itemThe
following are the different inventory transactions: Receive an item
into an organization from GL account number Issue an item from an
organization into a GL account number Transfer items from one
subinventory to other in the same organization. Transfer of items
between various inventory organizations Reservation of items
Describe various inventory transactions?Answer: Miscellaneous
transaction: This transaction is used to do adjustments in stock
due to damage, obsolescence, issuing items for R & D or issuing
track able expense items.Subinventory transfer: This transaction is
used to transfer goods from one subinventory to another within the
same inventory organization.InterORG transfer: This transaction is
used to transfer goods from one inventory organization to
another.Receiving transaction: This transaction is used to move
goods from receiving dock to specified subinventory and
locator.Sales issue: This transaction is used to move goods from
pick subinventory to staged subinventory.WIP issue: This
transaction is used to issue materials against production
orders
What is the difference between a subinventory transfer and a
move order?Answer: Both these transactions are used for the
movement of items from one subinventory to the other. The
difference is that move order generates a pick slip and a
subinventory transfer doesnt.Move order requires approval. Also,
move orders create allocations. So you can place hold on the
material with the intention of picking it up a little later. In
subinventory transfer, there is no reservation / allocation.
What are the Components used in Customizing a
Transaction?Answer: The following are the three components used in
a transactionTransaction Source TypeTransaction ActionTransaction
TypeA Transaction Source Type and a Transaction Action come
together to form a Transaction Type.
What is a Transaction source type?Answer:A Transaction Source
Type is defined as an entity against which Oracle Inventory charges
a transaction. The following transaction source types come seeded
with Oracle Inventory:Purchase OrderAccount AliasMove OrderInternal
OrderStandard Cost UpdateInternal RequisitionSales OrderCycle
CountPeriodic Cost UpdatePhysical InventoryAccountRMA (Return
Material Authorization)InventoryJob or Schedule
What is a transaction type?Answer: A transaction type is a
combination of a transaction source type and a transaction action.
It is used to classify a particular transaction for reporting and
querying purposes. Ex:Sales order issue (txn type) + issue from
stores (txn action) = sales order (txn source type)Move order
transfer (txn type) + subinventory transfer (txn action) = move
order (txn source type)
Name any four purposes where miscellaneous transaction can be
used?Answer: Cycle count adjustment, Physical inventory adjustment,
adjusting inventory quantity within an inventory organization and
decrementing on-hand balances from a subinvemtory
Explain inventory control?Answer: 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.
What are the objectives of inventory control?Answer: To meet
unforeseen future demand due to variation in forecast figures and
actual figures.To average out demand fluctuations due to seasonal
or cyclic variations.To meet the customer requirement timely,
effectively, efficiently, smoothly and satisfactorily.To smoothen
the production process.To facilitate intermittent production of
several products on the same facility.To gain economy of production
or purchase in lots.To reduce loss due to changes in prices of
inventory items.To meet the time lag for transportation of goods.To
meet the technological constraints of production/process.
What are the factors that affect inventory control?Answer:Type
of productType of manufactureVolume of production
Define ABC analysis?Answer: 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). Click
here for more on ABC Analysis
What is consignment inventory?Answer: 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 customers 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
What are the different planning methods available in
Oracle?Answer: Re-order point planningMin-Max planningKanban
cardsSubinventory replenishment planning
When should the material be ordered?Answer: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]
Explain re-order point planning?Answer: 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 items 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 (2 or 3).Reorder point planning can be performed
at the organization level only.
Explain min-max planning technique?Answer: 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 subinventory level. Click
here for complete cycle
Define cycle counting and explain its use in oracle
inventory?Answer: Cycle Counting is a process of periodic counting
of individual item / all the items throughout 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.Cycle count is used to:To reconcile system on-hand balances
with actual counts in inventoryMaintain control over the items that
have higher value
When do you perform physical inventory and explain the steps
involved in it?Answer: Physical inventory can be performed,
whenever there is a need to verify the accuracy of system on-hand
quantities. This can be done for entire organization or can be
confined to a specific subinventory.Steps to perform physical
inventory:Define physical inventoryTake a snapshot of system
on-hand quantitiesGenerate physical inventory tagsEnter countsDo
physical inventory adjustments by approving or rejectingPost
adjustments
Purge physical inventory information
nventory1.What are different planning methods in InventoryThere
are 5 different planning methods in oracle InventorySubinv
Replenishment PlanningMin Max PlanningRe-order point planningKanban
PlanningPeriodic Automatic Replenishment2.What are the setups for
different planning method (Min-Max)Setup the item in master org and
assign the item to the org for which Min-Max planning is
usedAttributes, Inv Planning method: Min-MaxMin-Max Qty should have
been definedSafety Stock method should be non MRP PlannedDetermine
what should be the status of the Requisitions created for the
planningDo this with profile optionINV: Minmax Reorder ApprovalIF
Use ASL has been enabled, then Requisition will populate the
supplier data from the ASL setup which is assigned to the
itemSourcing rules can be defined for thisThen need to assign
sourcing rule to the itemIn Inventory responsibility, under
Planning run the Min Max planning report with required
parameter3.What is the concurrent program for the planningMin Max
planning report under planning menu in Inventory
responsibility4.What are the setups for expense item?Should not be
Inventory ItemNo StockableNo TransactableNo Costing, Inv Asset5.How
many key flexfields are there in Inventory?Seven KFF are there in
InventoryAccount AliasItemItem CategoryItem CataloguesStock
LocatorsSales OrderService Items6.What is the use of sales order
KFF?This is used during material transaction when source is Sales
OrderSegments are Sales order Number.Sales Order Type.Sales Order
Source7.How we can have the item key flexfield with 2 segments, is
it possible, if yes then how, if no then why?This can be modified
using Flexfield>Key> SegmentsQuery the System Items, then you
can modify the existing structure, or you can add a new one.8.How
will you inactivate the Inventory locationsBy giving Inactive date
in the Location form9.What all setups you have done in inventory
organization
implementationLocationCalendarOrganizationParameterCost
GroupSubinventoryStock LocatorReceiving OptionsShipping
NetworksIntercompany Transaction flowsCost Subelements
1. What are the valuation accounts used in Inventory Material An
asset account that tracks material cost. For average costing, this
account holds your inventory and intransit values. Once you perform
transactions, you cannot change this account. Material OverheadAn
asset account that tracks material overhead cost. Resource An asset
account that tracks resource cost. Overhead An asset account that
tracks resource and outside processing overheads. Outside
processingAn asset account that tracks outside processing cost.
Expense The expense account used when tracking a non-asset
itemOther Accounts Sales The profit and loss (income statement)
account that tracks the default revenue account. Cost of Goods
SoldThe profit and loss (income statement) account that tracks the
default cost of goods sold account. Purchase Price Variance The
variance account used to record differences between purchase order
price and standard cost. This account is not used with the average
cost method. Inventory A/P Accrual The liability account that
represents all inventory purchase order receipts not matched in
Accounts Payable, such as the uninvoiced receipts account. Invoice
Price Variance The variance account used to record differences
between purchase order price and invoice price. This account is
used by Accounts Payable to record invoice price variance.
Encumbrance An expense account used to recognize the reservation of
funds when a purchase order is approved. Average Cost Variance
Under average costing with negative quantity balances, this account
represents the inventory valuation error caused by issuing your
inventory before your receipts.
2. What is ABC Analysis and why it is being used ABC Analysis is
an Inventory categorization method to categorize items into 3
different classes A being the most valuable and C being the least
valuable ones. Using this Analysis, it will be easy to monitor and
keep on track of the valuable items like frequently doing cycle
counts on A class items, etc.3. What are the process of cycle count
Create a cycle count header with required data Assign the items to
be counted Then run the required cycle count report Using the
report do the cycle counts Then go and Approve the cycle count4.
What is the different in MO Issue and MO Transfer MO Issue will
move out the stock from inventory against an account MO transfer
will move the stock from one subinventory to other5. What is the
Picking rule in Inventory Picking Rule is used to determine the
list of items for sales order/ shipping based on the revision, Lot,
Subinventory and Locator. Assign the required Picking Rule to the
item in Order Management tab.6. What are the criteria in Cycle
count Depending on the requirement, we can trigger cycle count. We
can define regular cycle count of high values items. If back
ordered or pick denied, we can trigger cycle count for those
items.6. What are the diff in Lot and Serial Lot control is to
control a whole batch of items. for example in drug industry we
have batch number which can be controlled using lot where we can
track the complete batch using specific data. Serial control is to
monitor and track every single qty of an item like electronic
devices where we track by serial number.6. What are the material
status in a subinventory7. What is Physical Inventory
1.What is move order in OMMove orders generated as part of Pick
Wave are the ones from Sales order2. How a MO is diff from Subinv
transferAns: MO generally are 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 transfer which ll transfer the item
to another location.3.What is nettable in Subinventory setupThis
will detrrmine whether to consider the onhands of the subinventory
as available for planning tasks.4. What are the status attributes
in Item and how many of themWe can define different status for an
item combination theseattributes as per the business needFollowing
are the attributesBOM EnabledBuild in WIPCustomer order
enabledInternal Order
enabledInvoicablePurchasableStockableTransactable5. What is the use
of status attributeWe can define different status for an item
combination theseattributes as per the business need6. Why master
org is requiredSo that we can have an item maintained atmaster
level with common attributes and then we can use the same item
across multiple organization instead of defining it again and
again.7. Inventory Master org is mandatory?Yes. If you will not
create any specific master org, then system will consider the same
inv org as its master org.8. What are the Lot control setupsLot
control can be setup at item attributes at organization
level.Either No Control or Full Control9. How lot number
generatesYou can generate new Lot numbers during transactions10.
What is serial controlled and what are the setupsSerial control can
be setup at item attributes at organization level.11. How serial
numbers are generatedSerialcontrol can be setup at item attributes
at organization level.No Control,At Receipt, At Sales Order issue,
Predefined12. What is the predefined locator in Subinventory and
how it works in businessWe can setup locator control in 4 diff ways
for each subinventoryNone: There will not be any locator
information required during any transactionPrespecified: System
will ask you to select locator combinations which already been
defined in the subinventory during the transactionDynamic Entry:
Either you can select any locator during transaction or you can
create a new combinationItem Level: This will take the locator
which has been defined at item attribute level13. What are the
transaction managersTransaction manager is the inetrface managers
which carry out all transaction once submitted by the users14. Can
we change the item name after it created?Ans: Yes we can change the
name in master level.
1. How WMS is helpful compared to InventoryAns: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.2. What
functionality in inventory uses the calendar3. What is the diff in
inv and wms from accounting perspective4. What is the use of WMS
Rules WorkbenchAns:The Rules workbench enables you to
assignstrategies, rulesand cost group values directly to any number
of objects in an assignment matrix5. Why strategy usedAns:After you
define your rules, you must set up a strategy and then associate
the applicable rules. After you assign rules to a strategy, the
rules engine can execute the strategies on any objects to which the
strategy applies. The rules engine executes each subsequent rule in
your strategy until an allocation is completely filled.6. How many
types of bar codes are thereAns:Mainly 2 types Linear (1
dimensional) and Matrix (2D)
Read
more:http://www.learnoracle.in/2014/05/oracle-scm-functional-interview_18.html#ixzz3Y0yHIOhV
1. What is an item?2. Explain Item Master Organization?3. Define
Inventory Organization?4. What is a subinventory?5. In which table
does the subinventory related information for an item is stored?6.
What is a stock locator?7. What are the Key flex fields in oracle
Inventory?8. What are the basic steps involved in defining an
item?9. What are item attributes?10. What is the use of item
template?11. What is an item category and category set?12. Explain
unit of measure (UOM) and UOM class?13. Explain shipping method?14.
Describe Interorganization Shipping Networks15. In which tables are
the transactional details are stored?16. What is revision control
in Oracle Inventory?17. What is Picking Order of Subinventory or
Locator? Where will you define the order?18. What are the different
inventory transactions?19. Describe various inventory
transactions?20. What is the difference between a subinventory
transfer and a move order?21. What are the Components used in
Customizing a Transaction?22. What is a Transaction source type?23.
What is a transaction type?24. Name any four purposes where
miscellaneous transaction can be used?25. Explain inventory
control?26. What are the objectives of inventory control?27. What
are the factors that affect inventory control?28. Define ABC
analysis?29. What is consignment inventory?30. What are the
different planning methods available in Oracle?31. When should the
material be ordered?32. Explain re-order point planning?33. Explain
min-max planning technique?34. Define cycle counting and explain
its use in oracle inventory?35. When do you perform physical
inventory and explain the steps involved in it?1. What is an
item?An item is a part or services where you can Purchase, Sell,
Plan, Manufacture, Stock, Distribute and Prototype.Items can also
be containers for items as well as components you build into other
items.2. Explain Item Master Organization?An item master
organization is a logical entity where you define the item. After
you define an item in the item master, you can assign it to any
number of other organizations.3. Define Inventory Organization?It
is a facility which will enable you to store and transact the
items. It can be a manufacturing unit, ware house, distribution
center etc.4.What is a subinventory?Subinventiries are unique
physical or logical separations of material inventory. These can be
raw material, finished goods or defective material subinventory.
You must define at least one subinventory. Subinventories are of
two types:storageandreceivingStoragesubinventories are intermediate
or final put away locations for material. Material that resides in
a storage subinventory appears in on hand quantity, and is tracked
by the system. The system can book orders against, and use
manufacturing processes on material that resides in a storage
subinventory. You must define at least one storage subinventory for
your implementation.Receivingtype subinventory is only used for
receiving items. Items in this subinventories cannot be on-hand or
reserved5.In which table does the subinventory related information
for an item is stored?MTL_ITEM_SUB_INVENTORIES6.What is a stock
locator?Locators are structures within subinventories. Locators are
the third level in the enterprise structuring scheme of Oracle
Inventory. Locators may represent rows, racks, or bins in
warehouses. You can transact items into and out of locators. You
can restrict the life of locators, establish capacity of a specific
locator in weight or units, as well as specify dimensions which
define a locators capacity by volume.7.What are the Key flex fields
in oracle Inventory?Oracle Inventory provides the following
flexfields:System Items, Item Catalogs, Item Categories, Stock
Locators, Account Alias and Sales Order8.What are the basic steps
involved in defining an item?Create an item in the item master
formCopy the template from the tools menu to assign specific
attributes to the item and save it.Assign the item to a category
from tools menu and save your workSelect organization assignment
from tools menu and assign the item to different inventory
organizations by ticking the checkbox next to the inventory
organizations.9.What are item attributes?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 namedMTL_ITEM_ATTRIBUTES10.What is the use of item
template?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.11.What is an item category
and category set?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
fromMTL_CATEGORY_SETS_B.12.Explain unit of measure (UOM) and UOM
class?The unit of measure (UOM) helps us count the number of items
involved in a transaction or the number of items that are stored in
a subinventory or a locator.UOM classes let you group different
UMOs into one category. Eg,quantitycould be a UOM class under
whicheach, dozen, lotetc are separate UOMs.13.Explain shipping
method?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.14. Describe Interorganization
Shipping NetworksAn inter-organization shipping network describes
the relationships and accounting information between a shipping
organization and a destination organization. You must define a
shipping network between two organizations before you can transfer
material between organizations. When you set up a shipping network
you must select a transfer type:Intransit or Direct.Intransit:
Oracle Inventory moves material to an intermediary state before it
reaches the destination organization. After the material arrives at
the destination organization, you will need a receipt transaction
to retrieve it. If intransit is selected, you can define:Shipping
Methods, GL Accounts to use in transit, Material ownership during
transfer, Planning lead times and Transfer ChargesDirect: Oracle
Inventory moves the material directly to the destination
organization. However, for both transfer types, you can determine
default receipt routing and whether internal orders are required to
transfer material15.In which tables are the transactional details
are
stored?MTL_MATERIAL_TRANSACTIONSMTL_TRANSACTIONS_INTERFACEMTL_MATERIAL_TRANSACTIONS_TEMPMTL_TRANSACTION_ACCOUNTS16.
What is revision control in Oracle 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
isMTL_ITEM_REVISIONS.17.What is Picking Order of Subinventory or
Locator? Where will you define the order?The value indicates the
priority with which we pick items from subinventory or Locator,
relative to another subinventory or locator, where a given item
resides. A picking order of 1 means that order entry functions pick
items from the subinventory or locator before others with a higher
number (such as 2,3 and so on).The subinventory order is defined in
the subinventory definition and the locator order is defined in the
locator definition. The default order for both the subinventory and
the locator are defined in the organization.18.What are the
different inventory transactions?A transaction is an item movement
within, into or out of inventory. A transaction changes the
quantity and location of an itemThe following are the different
inventory transactions:Receive an item into an organization from GL
account numberIssue an item from an organization into a GL account
numberTransfer items from one subinventory to other in the same
organization.Transfer of items between various inventory
organizationsReservation of items19.Describe various inventory
transaction types?Miscellaneous transaction:This transaction is
used to do adjustments in stock due to damage, obsolescence,
issuing items for R & D or issuing track able expense
items.Subinventory transfer:This transaction is used to transfer
goods from one subinventory to another within the same inventory
organization.InterORG transfer:This transaction is used to transfer
goods from one inventory organization to another.Receiving
transaction:This transaction is used to move goods from receiving
dock to specified subinventory and locator.Sales issue:This
transaction is used to move goods from pick subinventory to staged
subinventory.WIP issue:This transaction is used to issue materials
against production orders20. What is the difference between a
subinventory transfer and a move order?Both these transactions are
used for the movement of items from one subinventory to the other.
The difference is that move order generates a pick slip and a
subinventory transfer doesnt.Move order requires approval. Also,
move orders create allocations. So you can place hold on the
material with the intention of picking it up a little later. In
subinventory transfer, there is no reservation / allocation.21.
What are the Components used in Customizing a Transaction?The
following are the three components used in a transaction
Transaction Source Type Transaction Action Transaction
TypeATransaction Source Typeand aTransaction Actioncome together to
form aTransaction Type.22. What is a Transaction source
type?ATransaction Source Typeis defined as an entity against which
Oracle Inventory charges a transaction. The following transaction
source types come seeded with Oracle Inventory: Purchase Order
Account Alias Move Order Internal Order Standard Cost Update
Internal Requisition Sales Order Cycle Count Periodic Cost Update
Physical Inventory Account RMA (Return Material Authorization)
Inventory Job or Schedule23. What is a transaction type?A
transaction type is a combination of a transaction source type and
a transaction action. It is used to classify a particular
transaction for reporting and querying purposes. Ex:Sales order
issue (txn type) + issue from stores (txn action) = sales order
(txn source type)Move order transfer (txn type) + subinventory
transfer (txn action) = move order (txn source type)24. Name any
four purposes where miscellaneous transaction can be used?Cycle
count adjustment, Physical inventory adjustment, adjusting
inventory quantity within an inventory organization and
decrementing on-hand balances from a subinvemtory25.Explain
inventory control?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.26. What are
the objectives of inventory control? To meet unforeseen future
demand due to variation in forecast figures and actual figures. To
average out demand fluctuations due to seasonal or cyclic
variations. To meet the customer requirement timely, effectively,
efficiently, smoothly and satisfactorily. To smoothen the
production process. To facilitate intermittent production of
several products on the same facility. To gain economy of
production or purchase in lots. To reduce loss due to changes in
prices of inventory items. To meet the time lag for transportation
of goods. To meet the technological constraints of
production/process.27.What are the factors that affect inventory
control? Type of product Type of manufacture Volume of
production28. Define ABC analysis?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)29. What is consignment inventory?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 customers 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 inventory30. What are the different planning methods available
in Oracle? Re-order point planning Min-Max planning Kanban cards
Subinventory replenishment planning31. When should the material be
ordered?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]32. Explain
re-order point planning?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 items 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.33. Explain min-max planning
technique?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 subinventory level34. Define cycle counting and explain its use
in oracle inventory?Cycle Counting is a process of periodic
counting of individual item / all the items throughout 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.Cycle count is used to:To reconcile system on-hand balances
with actual counts in inventoryMaintain control over the items that
have higher value35. When do you perform physical inventory and
explain the steps involved in it?Physical inventory can be
performed, whenever there is a need to verify the accuracy of
system on-hand quantities. This can be done for entire organization
or can be confined to a specific subinventory.Steps to perform
physical inventory: Define physical inventory Take a snapshot of
system on-hand quantities Generate physical inventory tags Enter
counts Do physical inventory adjustments by approving or rejecting
Post adjustments Purge physical inventory information6 Comments1.
Anonymous September 21, 2014SuperREPLY2. Vali Shaik November 21,
2014
1. How can we create a normal order line and a return line in a
single order2. How to change price in sales order line after
booking without using any modifier. Is it possible, if Yes how?3.
Advanced Pricing4. Configurator5. What is Item validation org and
how it is different from Item Master Org6. Is it possible to do any
transaction (receiving) transaction in Item master org?7. What
steps you will do to check if picking did not happen for an order
after pick release?8. What is system parameter and what is its
significance?9. What all setups required for an ATO order?10. What
all setups required for Back to Back order?11. In an IR, the price
of the item, from where it populates?12. How can you change the
price of the item in an IR?13. How invoice get generated for IR?14.
What is the accounting entry happens for an IR invoice?15. What is
allocation means in sales order and in which step it happens?16.
What is the difference between allocation and reservation?17. If an
item is not allowed to enter in any sales order form, what is the
setup behind this?18. What is the difference between customer
ordered and customer order enabled flag?19. What are the drop
shipment setups and explain the flow?20. What are the tables
involved in Drop Shipment21. What is the difference between Pick
Slip and Pack Slip?22. What is Bill Of Lading?23. If I want to have
single invoice generated for all the lines of a sales order even if
the lines were shipped in different delivery, what can I do?24.
What to do if I want to create a same delivery for all the lines of
an order even if they were picked in different pick slip and
delivery already created for few lines?25. Any major issue you have
faced in order management during implementation from standard
oracle process, not customizationShar
