What is Inventory
Inventory is the total number of
items i.e. Raw Material ,WIP,Finished Goods and Services that are stored in the warehouses or in the storage location at a certain period of
time.It treats different things as inventory and they are as follows
Finished goods that you sell to Customer.
Raw Material for Manufacturing.
Service that you sell to customer.
Items that you purchase from supplier.
Finished goods that you sell to Customer.
Raw Material for Manufacturing.
Service that you sell to customer.
Items that you purchase from supplier.
Oracle Inventory Key Features
- Define Inventory Organizational structure.
- Define Items.
- Track On-hand Quantities.
- Material Planning & Replenishment.
- Material Transactions
Oracle Inventory Key Process
- Move Orders
- Receive Inventory
- Issue Inventory
- Transfer Inventory
Oracle Inventory Receipt To Issue Process
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