Inventory Overview

Oracle Inventory Management is part of the Oracle Supply Chain Management applications which include also:

• Oracle Purchasing
• Oracle Warehouse Management 
• Oracle Order Management
• Oracle Cost Management
• Oracle Mobile Supply Chain Applications
• Oracle Discrete Manufacturing
• Oracle Process Manufacturing

Objectives of Oracle Inventory

• Control your inventory operations
• Ensure you have adequate supply
• Reduce inventory levels
• Increase warehouse productivity. 
• All of your material in each line of business can be tracked in a single system. 

Key Functions of Oracle Inventory

Inventory Structure

The first step in implementing Oracle Inventory is to design Inventory structure by planning how to represent the company's inventory sites and business units. Oracle Applications uses multiple types of organizations for the business units.

execution structure.  different types of organizations are used to define the organization structure and relationships. Inventory structure includes organizations, locations, subinventories, and locators depending on your company structure. 

Inventory Transactions

Oracle Inventory, with other oracle SCM modules has a complete set of transactions and reports for maintaining inventory control. This allows you to control the flow of material from the receiving phase to the shipment of finished goods to the customer. Some material transactions that You can perform using oracle inventory are:

• Receive and inspect material either the material that is purchased from a supplier or returned from a customer. 
• Transfer material between subinventories and locators.
• Move material from an organization to another using shipping networks.
• perform miscellaneous issues and receipts. 
• Track lots, serial numbers, grades, revisions for an item. 
• Enter and maintain movement statistics information. 
• View material transactions and accounting distributions. 
• View summarized transactions for a range of dates.