Fundamentals of Oracle Inventory Management

Introduction:

This course on inventory management provides a comprehensive introduction to implementing Oracle Inventory. Participants will learn to define organizational parameters, set up items and units of measure, perform inventory transactions, and participate in implementation processes.

The course aims to enhance professional skills in Oracle Inventory management, leading to certification upon completion. It is ideal for individuals seeking basic training and certification in inventory management.

Upon completing the course, participants will receive a certificate demonstrating their competence in inventory management, which will enhance their strategic role in managing inventory control teams and decision-making processes.

Objectives:

By the end of the Oracle Inventory Management Fundamentals course, participants will be able to:

• Establish organizations in Oracle applications aligned with business units
• Identify inventory items for Oracle Supply Chain applications
• Perform inventory replenishment
• Conduct ABC classification and cycle counts
• Set up lot and serial control for items
• Execute inventory transactions
• Use mobile devices for inventory transactions
• Implement dual unit of measure control
• Explain mobile device usage for inventory transactions
• Define material statuses
• Establish and maintain a cycle count
• Create an ABC ranking for cycle counting
• Understand the overall inventory process in Oracle Inventory
• View and manage on-hand quantities
• Apply inventory organization structures in Oracle Inventory
• Use planning and replenishment methods, including min-max planning, reorder-point planning, replenishment counting, and Kanban replenishment
• Understand the function of the item-master organization
• Define items in Oracle Inventory
• Comprehend move orders
• Implement locator, revision, serial, and item lot control
• Perform transactions such as sub-inventory transfer and inter-organization transfer
• Set up and manage shipping networks and understand direct and in-transit shipments
• Create units of measure
• Make reservations

Training Methodology:

• Discussion sessions
• Case studies
• Demonstrative simulations
• Role play
• Class demonstrations of all types of exercises
• Q&A sessions

Course Outline:

Unit 1: Overview of Oracle Inventory:

• Receive stock of goods
• Transfer stock of goods
• Manage on-hand and availability
• Pull stock from specific locations
• Assess stock accuracy
• Monitor inventory application integration

Unit 2: Defining Inventory Organizations:

• Structure inventory organization
• Create inventory organization structure
• Define customer parameters
• Set sub-inventories and locations

Unit 3: Units of Measure:

• Explain units of measure based on circumstances

Unit 4: Defining and Maintaining Items of Oracle Inventory:

• Process items
• Utilize templates
• Assign items to organizations
• Understand categories, category sets, and catalogs
• Manage item removal

Unit 5: Lot and Serial Control:

• Initiate lot control
• Maintain serial number information
• Manage lot and serial genealogy

Unit 6: Transaction Setup:

• Define transaction types
• Set picking rules
• Manage account aliases
• Open and close accounting periods
• Prepare move orders
• Address material shortage alerts

Unit 7: Issuing and Transferring Material:

• Recover receipts
• Conduct engagements
• Manage transfer orders
• Execute mobile transactions
• Manage shipments

Unit 8: On-hand and Availability:

• Utilize materials workbench
• Establish available-to-promise guidelines
• Manage reservations

Unit 9: Inventory As A Tool For Replenishment:

• Understand replenishment
• Forecast inventory
• Count replenishment
• Use Kanban

Unit 10: Basics of Inventory Accuracy:

• Define counting
• Apply ABC Classification
• Conduct cycle counting
• Perform inventory count