* Item Master organization: Oracle Inventory only defines items in the Item Master organization of the organization from which you enter the Items window.
⦁ Where else is workday calendar required in Oracle implementation?
This is required when Oracle Master Scheduling/MRP and Oracle Supply Chain Planning is installed.
* What is a demand class?
Demand classes segregate scheduled demand and production into groups, allowing you to track and consume those groups
Independently. Oracle Master Scheduling/MRP and Oracle Supply Chain planning uses this demand class during forecast consumption, and shipment and production relief.
⦁ What is Move Order Timeout Period field?
Move Order Timeout Period field is about the number of days a move order requisition can wait for approval.
* What is allow negative balances?
Allow negative balances Determines whether inventory transactions can drive the inventory balance of an item negative.
Attention: If insufficient quantity on hand exists in a supply sub inventory to satisfy back flush demand, Oracle Work in Process forces the supply sub inventory balance negative, ignoring this option setting.
⦁ What are locator control options?
None,
Pre specified only,
Dynamic entry allowed,
Determined at sub inventory level.
⦁ The costing organization can be the current Organization itself (thus, it controls its own costs), or it can be the Item Master organization.
⦁ What is Purchase Price Variance
The variance account used to record differences between purchase order price and standard cost. This account is not used with the average cost method.
⦁ What is Inventory A/P Accrual?
The liability account that represents all inventory
Purchase order receipts not matched in Accounts
Payable, such as the uninvoiced receipts account.
* What is Invoice Price Variance?
The variance account used to record differences
between purchase order price and invoice price.
⦁ What is the option for lot number uniqueness?
Across items: Enforce unique lot numbers for items across all
Organizations.
None: Unique lot numbers are not required.
⦁ what is an option for lot number generation?
User–defined: Enter user–defined lot numbers when you receive
items.
At organization level.
At item level.
⦁ What is an option for serial number uniqueness.
Within organization: Enforce unique serial numbers within the
current organization.
Within inventory items: Enforce unique serial numbers for inventory items.
Across organizations: Enforce unique serial numbers throughout all organizations.
⦁ What is an option for serial number generation?
At organization level:
At item level:
Note: If serial number generation is at the organization level you must enter a starting serial number.
⦁ What is Select default-picking rule.
Picking rules define the priority that order management functions use to pick items.
Attention: A picking order of 1 means that order management
functions pick items from that sub inventory or locator before others with a higher number (such as 2, 3, and so on).
⦁ What are the source’s types for item replenishment?
Inventory
Sub-inventory
Supplier
None.
⦁ What are the Inter–Organization Transfer Charge option?
Predefined percent.
Requested value.
Requested percent:
None
Part 2 <<<<Inventory Part 2>>>>
Part 3: Part 3
