Oracle Fusion SCM Year End Process


Oracle Fusion SCM Year End Process

Oracle Fusion SCM (Supply Chain Management) doesn’t inherently require a specific year-end process, as it is not a financial system but a supply chain management system. However, it does interface with financial systems, and so certain elements may need to be considered as part of a year-end process in a broader sense. Here are some generic steps involved in the year-end process:

  1. Inventory Reconciliation: Ensure all physical inventory counts are in line with the data in Oracle Fusion SCM. This will usually involve physical stock takes and possibly adjusting entries.

  2. Close Open Transactions: Ensure all open transactions such as orders, deliveries, and shipments are either completed or canceled. You want to start the new year with a clean slate.

  3. Reviewing and Closing Purchase Orders: If you have open purchase orders that are no longer relevant, they should be closed before year-end. This might be part of a wider financial process.

  4. Validate and Resolve Pending Transactions: Before closing out the year, you need to validate all pending transactions. If there are any issues, they need to be resolved. This includes transactional data stuck in interfaces or errors during processing.

  5. Interface with Financial Systems: Once the SCM data is in a good state, it can be interfaced with the financial systems. This might be Oracle Financials or another ERP system. The aim is to ensure that the costs and values represented in SCM match those in the financial systems.

  6. Backup Your Data: It’s always a good idea to back up your data before any significant change. At the end of the year, you should have a full backup of your SCM data.

  7. Reporting: Finally, you’ll want to run a full set of reports to show the year-end state of affairs. This will include inventory levels, transaction volumes, order volumes, supplier performance, etc. These reports will be essential for planning in the coming year.

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