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Oracle Inventory Management - Version: 11.5.10 and later [Release: 11.5 and la
ter ]
Information in this document applies to any platform.
Checked for relevance on 22-APR-2010
Goal
Describe the minimum requirements to define a Cycle Count
SCOPE & APPLICATION
This is intended for those who have never setup/define a cycle count.
Solution
Cycle Count is divided into two primary functions: ABC Analysis and
Defining a Cycle Count. We will first discuss how to perform an ABC Analysis
and then how to define and run a Cycle Count. The functions described
here pertains to all versions of the Inventory application
(Character, GUI, and NCA).
ABC ANALYSIS OVERVIEW
ABC Analysis:
ABC analysis is a method of determining the value of items in your inventory,
ranking your items according to a criterion and then grouping items into classes
.
"ABC" refers to the rankings you assign your items as a result of this analysis,
where "A" items are more valuable than "B" items and so on.
ABC Classification:
Classification is the process of assigning items to groups called ABC classes.
Oracle inventory allows you to use your own terminology to define ABC classes.
ABC Ranking:
Oracle Inventory allows you to choose one of 15 compilation criteria for
performing an ABC analysis, and allows you to maintain multiple rankings of the
same set of items.
STEPS TO DEFINE AN ABC COMPILATION
1. Define an ABC Compile
Enter your compilation
Name,
Description,
Criterion (choose from 15 choices)
Subinventory,
Cost type,
Content and Valuation Scope (restricted to subinventory),
Compile Specification (Current on hand quantity)
Save
Click on Compile
When the compilation has completed re-query the ABC compile. When
the query return it should have values in these additional fields:
Compile Status = Completed
Total Inventory Items =
Total Inventory Value =
If the above 3 fields do no have a value in them the compile did not
complete satisfactory. Determine problem, correct and resubmit
compile.
2. Define ABC Classes
Enter the Classes
Name =
Define class names that suit your business environment
Use these classes to group items in your ABC compilation
Description =
Before you assign items to ABC classes, you must define an ABC group.
3. Define ABC Groups
Enter ABC Group
Name = <98stores>
ABC Compile =
ABC Classes
Sequence =
Name =
An ABC group may have an unlimited number of ABC classes.
A rank of 1 is higher than a rank of 2 and so on.
Assign items of higher relative value to classes of higher rank.
4. Define ABC Assignments
Assign Sequence Number
Base your assignment on the number of items in you compilation.
Choose the sequence number that corresponds to the last item in
each class.
Assign Item Percent
Base your assignment on the percentage of items in you compilation
Choose a value from the remaining unassigned percentage of the total
Number of items. For example, if you assign 60% of your items
to class A, then you must choose a value between 0% and 40% for
the next class.
Assign Inventory Value
Base your assignment on the inventory value of the items in you
compilation.
Choose the cumulative inventory value that corresponds to the last
item in each class.
Assign Value Percent
Base your assignment on the percentage of inventory value of the
items in your compilation.
Choose a value from the remaining unassigned percentage of the total
Inventory value of your items. For example, if you assigned 60% of
the total inventory value to class A, then you must choose a value
between 0% and 40% for the next class.
Unmatched Items and Numbers
If the value that you enter does not exactly match an item, then Oracle
Inventory chooses the first item with a value greater than the number
That you entered.
UPDATE 'ABC' ASSIGNMENTS
Update ABC Assignment
Change the ABC classes of items in an ABC group.
For example, you may want to assign an item to a class of higher
value because of its significance to your operations.
Add New Items
Add new items to your ABC group without having to recompile and
then reassign the items to classes.
Manual Scheduling
Manual scheduling is the process of requesting counts for any item at
Any time.
Request counts for specific subinventories, locators, and items, and
Set the count for any date.
Define Cycle Count Header
Define cycle count parameters that apply to general processing.
Assign a unique name to your cycle count and use this name to
identify any further activity for this cycle count.
Define and maintain an unlimited number of cycle counts for
your organization.
For example, you can have two separate cycle count headers for two
sets of subinventories.
Specify whether you want to cycle count items in the entire
organization, or only those items in specific subinventories.
Organization Level Cycle Counting
Enter periodic counts for items that exist in all locations of
your organization.
For example, the cycle count "ORG98 includes all items in
organization AUS.
Subinventory Level Cycle Counting
Enter periodic counts items that exist in specific subinventories
of your organization.
For example, the cycle count FLOOR98 includes all items in
subinventory Floor Stock with organization SAC.
If you choose to only count a subset of your organization, use
The next page of the form to specify the subinventories to
cycle count.
Specify the Item to Cycle Count
Choose ABC Group
Choose the items that you want to cycle count.
You must perform an ABC analysis if you want to associate
an ABC group with you cycle count header.
Oracle Inventory uses the ABC group to determine the items
in your cycle count header.
Initialize Cycle Count
Oracle Inventory updates the existing cycle count classes and
associates items with the ABC group that you specify.
The initialization process determines the items to cycle count
within your organization or subinventories.
You may add an ABC class to your cycle count without running
The initialization program. In this case, you must manually add
items to the ABC class within your cycle count header.