Oracle R12 Inventory
Course Code: FIR12
Duration: 2 days
Oracle R12 Inventory Course Overview
This course is designed to give delegates the knowledge to use Oracle Inventory for day to day transaction processing as well as activities such as managing stock levels, together with periodic processes such as stock-taking, cycle counting and updating stock records to agree with physical stock counts. It provides a sound introduction to key elements of set up such as defining sub-inventories, locators and inventory items.
Course Objectives
By the end of this course delegates will be able to use Oracle Inventory to carry out daily tasks such as recording receipts and issues of stock, ensure the maintenance of appropriate stock levels, set up cycle counts and process periodic physical stocktakes and and adjustments arising as a result of these. Delegates will be shown how to transfer bookkeeping entries from Inventory to General Ledger.
Who will the Course Benefit?
The Oracle R12 Inventory course is designed for end users working either within a Finance department or in stores or equivalent areas.
Course Information
Our Oracle R12 courses and labs are based on Oracle Financials 12.1.3 software using the standard Oracle Vision database.
Skills Gained
The delegate will learn and acquire skills as follows:
- Setting up Inventory
- Maintaining Inventory
- Setting Up and Maintaining Items
- Locating Inventory Transactions
- Checking Stock Availability
- Receipting Returns and Writing off Damaged Goods
- Min / Max Planning
- Reorder Point Planning
- Replenishing Counting
- Defining and Maintaining a Physical Inventory
- Defining an ABC Compile
Oracle R12 Inventory Training Course
Course Introduction
- Administration and Course Materials
- Course Structure and Agenda
- Delegate and Trainer Introductions
Session 1: OVERVIEW OF ORACLE INVENTORY
- Inventory Structure
- Organizations
- Locations
- Sub-Inventories
- Locators
- Units of Measure
- Categories
- Item Defining Attributes
- Default Category Set
- Items
- Inventory Transactions
- Material Workbench
- Inventory Planning and Replenishment
- Accounting Close Cycle
- ABC Analysis
- Cycle Counting
- Physical Inventory
- Inter-Company Invoicing
Session 2: INVENTORY SET UP AND MAINTENANCE
- Control and Inventory Organization
- Review Organization Parameters
- Limit Organization Parameters
- Limit Organization Access
- Create Sub-Inventories
- Define Units of Measure
- Define Unit of Measure Classes
- Define Unit of Measure Conversion
- Create Picking Rules
- Create Cross Reference Types
Session 3: ITEM SET UP AND MAINTENANCE
- Define Items at Master Level
- Item Attributes
- Main Attribute Group
- Inventory Attribute Group
- Bill of Material Attribute Group
- Costing Attribute Group
- Purchasing Attribute Group
- Receiving Attribute Group
- Physical Attribute Group
- General Planning Attribute Group
- Lead Times Attribute Group
- Inactive Items
Session 4: INVENTORY TRANSACTIONS
- Inventory Transactions
- Account Alias Transactions
- Account Transactions
- Sub-Inventory Transfers
- Locating Inventory Transactions
- Checking Stock Availability
Session 5: RECEIPTS RETURNS AND CORRECTIONS
- Receipts Returns and Corrections
- Receipting Expected Stock Items
- Entering a Partial Receipt
- Receiving Unordered Goods
- Entering a Return
- Making Corrections to a Receipt
- Writing off Damaged Goods
Session 6: MIN - MAX PLANNING
- Organization Level Min - Max Planning
- Sub-Inventory Level Min - Max Planning
- Assigning Min - Max Levels at Sub-Inventory Level
- Running the Min - Max Planning Report
Oracle R12 Inventory Training Course
Session 7: REORDER POINT PLANNING
- Reorder Point Planning
- Setting up Items for Reorder Point Planning
- Generating a Demand Forecast
- Creating a Forecast Set
- Assigning Safety Stock
- Manually Define Safety Stock
- Calculate Safety Stock Based on Existing Forecast
- Running the Reorder Print Point Planning Report
Session 8: REPLENISHMENT COUNTING
- Generating a Replenishment Count
- Purging Replenishment Counts
Session 9: PHYSICAL INVENTORY
- Defining a Physical Inventory
- Generating Physical Tags
- Printing the Tag Report
- Entering Counts
- Voiding Tags
- Approving Adjustments
- Posting Adjustments
- Purging Physical Inventory
Session 10: ABC CLASSIFICATION
- Reasons for ABC Classification
- ABC Analysis Setup
- Define an ABC Compile
Session 11: CYCLE COUNTING
- Set up a Cycle Count
- Define Cycle Count Classes
- Define Cycle Count Items
- Perform a Cycle Count
- View the Cycle Count Report
- Enter Cycle Counts
- Approve Cycle Count
Session 12: INVENTORY USER EXERCISES
Session 13: INVENTORY SUPERUSER EXERCISES
- Course technical content is subject to change without notice.
- Course content is structured as sessions, this does not strictly map to course timings. Concepts, content and practicals often span sessions.
Requirements
Delegates should have knowledge of the inventory process within their own organisation. Knowledge of Oracle Navigation would be advantageous.
Further Learning
Course Reviews
I am extremely satisfied with professional training provided by John. The quality of the training was outstanding providing brilliant explanations of a complex subject. Where I needed to ask questions John took time to explain clearly through the use of his excellent communication skills. I will highly recommend John and would like to get trained with him again in future.
Ashish - Utilities - January 2024
Very good course. Covered aspects of Inventory which I was interested in.
Kathryn - IS Business Analyst - Manufacturing
Public Scheduled Events
Classroom & Live Virtual Instructor-Led Training
Duration: 2 days
Price: £1,195.00 exc. VAT
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