Cycle Counting

Define ABC Classes Navigate to INV > ABC Codes > ABC Classes A: all Item encompassing the top 80% of the Org on hand inventory value across all subinventories. (80% total extended inventory value) B: all Item Ids encompassing the next range of greater than 80 to 90.0% of the Org or on hand inventory value across all sub-inventories. (>80% and <= 90% total Inventory value) C: all Item Ids encompassing the next range of greater than 90 to 100% of the Org on hand inventory value across all sub-inventories. (>90% and <= 100% total Inventory value)

Define the Compile Navigate to INV > ABC Codes > ABC Compiles Name Compile Content Scope = Organization Valuation Scope = Organization Criterion = Current on hand value Cost Type = Frozen

<Compile>

After performing the compile, below form will be displayed. Click <Yes> to get a printed copy of the compilation so that you can utilize this to determine your ABC classifications.

Check your requests to insure that your compile request and ABC

Descending value

reports have been completed successfully.

ABC Descending Value Report.txt

Define ABC Assignment Group Navigate to ABC Codes > ABC Assignment Groups Enter a unique Group name. Tab to the Compile Name field and select the correct compile name from the list of values.

Click on <Assign Items> button.

Click on the Assign button

<Save>

Define the Cycle Count

Navigate to INV > Counting > Cycle Counting > Cycle Counts

1. Late Count Days - the number of days after which a scheduled count is considered late. Oracle Inventory uses the late count days to calculate the due date for each count. 2. Check Unscheduled Entries box. This will enable the organization to add items to the daily count if needed or desired without waiting for the item to be scheduled. 3. Check Display System Qty box. This will enable the system quantity to be displayed while the counts are entered and enable on-line viewing of proposed adjustments caused by the count entry.

Under ABC Initialization, select the appropriate ABC Group Name. From the dropdown menu, Option, select (Re)initialize. <SAVE> YOUR WORK BEFORE MOVING ON TO NEXT STEP. Trigger Concurrent request After concurrent request completes, click on <Classes> On the Classes form, you will specify the number of number of counts per year that need to be assigned to each ABC Class.

Save Changes. Trigger Concurrent request

click OK. View > My Requests from toolbar to confirm the concurrent request was successfully executed

Procedure for Setting up Control Items Control items in the cycle count can be used to systemically schedule the same items each time the cycle count schedule is generated. To do this, query the cycle count and click on <Items>.

Select the items that you want to schedule each time the cycle count schedule is generated by clicking the Control Group box. These items will show up to be counted each time the scheduler is run. <SAVE> your work. --------------------------------------------------------------------------------------------------------------------

Perform Cycle Count

INV> Counting> Cycle Counting> Cycle Counts

Fill Parameters field

Click <OK> View requests to insure that the request set completed normally

If you are set up to print directly to a printer, the cycle count listing will be generated to that printer. If not, you can click on View Output of the Cycle count listing report and print to a local printer. Below is a text file of the output of the cycle count listing generated by this example.

Cycle Count Listing.txt

Enter Cycle Counts

The following will be displayed. Find the Count Seq that you want to enter. Locate the sequence number of the item.

The actual count quantity is entered on the Adjustments tab. Tab to the Count Quantity field and enter the count. <Tab> The adjustment that will occur will be displayed.

It is recommended that the quantities be entered into the system as soon as possible after the counting to avoid errors. <SAVE> your work.

These transactions have now moved to the pending approval phase. These four items can now be approved by Finance.

Approving Cycle Count Entries by Finance

Counting > Cycle Counting > Approve Counts The following form will be displayed. Select the Cycle Count name from the LOV and click <Find>.

For items appearing in the Adjustments region, you can approve, reject or request a recount, cycle count entries that are pending approval. Financial review for approval should include but is not limited to: - Review of items with NO adjustments (count qty equals system qty) - Quantity discrepancies - Dollar discrepancies To approve a count check: Select Approved to approve the selected count entry and post the adjustment to the transaction manager for processing. To reject a count check: Select Rejected to reject the selected count record. An adjustment is not No further processing of this count entry takes place. To Recount a count check: Select Recount to process a recount request for the selected count request. An adjustment is not posted. posted.

<SAVE> your work

The adjustment is processed for the Approved item, as you will see below.

Report Cycle count entries and adjustments report

Cycle Count Entries and Adjustm ents Report.txt