Oracle Fusion SCM Inventory Setups 2

Oracle Fusion SCM Inventory Setups 

Oracle Fusion SCM (Supply Chain Management) offers various inventory setups to configure and manage your inventory-related processes efficiently. These setups are crucial for controlling how inventory is managed, tracked, and accounted for in your organization. Here are some key inventory setups in Oracle Fusion SCM:

1. Item Master:
1. The item master setup involves defining and maintaining information about the products or items you manage in your inventory.
2. You can specify item attributes, such as item description, category, unit of measure, and pricing details.
2. Item Categories:
1. Item categories allow you to group items with similar characteristics or purposes together.
2. Categories help in organizing and classifying items for better management and reporting.
3. Subinventories:
1. Subinventories represent physical or logical subdivisions within your inventory locations where items are stored.
2. You can define multiple subinventories to track inventory in different areas of your warehouse or distribution center.
4. Locator Control:
1. Locator control settings determine whether you want to track inventory at a more granular level using locators within subinventories.
2. Locators allow for precise tracking of item quantities within a subinventory.
5. Stock Locators:
1. Stock locators are specific physical storage locations within a subinventory or warehouse.
2. They help you manage the exact placement of items, making it easier to find and pick inventory items accurately.
6. Inventory Organizations:
1. Inventory organizations represent specific units within your organization where inventory transactions take place.
2. They are associated with operating units and legal entities, defining the scope of inventory management.
7. Units of Measure (UOM):
1. Units of measure setups allow you to define the units in which items are bought, sold, and stored.
2. You can create conversion factors between different units to facilitate inventory transactions.
8. Item Profiles:
1. Item profiles allow you to specify additional item attributes and policies, such as reorder points, safety stock levels, and lead times.
2. These profiles help in managing inventory replenishment and stocking decisions.
9. Cycle Counts:
1. Cycle count setups enable you to schedule and perform periodic inventory counts to maintain accurate inventory records.
2. You can define counting classes and counting rules for different items and subinventories.
10. Inventory Transactions:
1. Configure inventory transaction types and reasons to control how inventory moves in and out of your inventory organizations.
2. Define default transaction types for various activities like receiving, shipping, and transferring items.
11. Inventory Transactions Security:
1. Implement security measures to control who can perform specific inventory transactions and access inventory data.
2. Use role-based access control (RBAC) and permissions to ensure proper authorization.
12. Lot and Serial Control:
1. If your organization deals with items that have lot or serial numbers, set up lot and serial control to manage these items effectively.