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We can define and maintain an unlimited number of physical inventories in Oracle Inventory. A
physical inventory is identified by a unique name we assign. We use this name to identify any
activity, such as adjustments, pertaining to this physical inventory.
We can define multiple physical inventories to count selected portions of our inventory, or we
can count your total inventory. For example, if our warehouse has two large stockrooms, each
represented by a sub-inventory, we can define two physical inventories, one for each sub-
inventory. We can then perform our physical inventory of the first stockroom, independent of
the second.
Navigation: Physical Inventory ->Physical Inventories
Before we can generate tags for a physical inventory, we must take a snapshot of all system
on–hand quantities for our items. The snapshot saves all current item on–hand quantities and
costs. Oracle Inventory uses this information as the basis for all physical inventory
adjustments. All tag counts you enter for this physical inventory are compared with these static
quantities. This allows you to resume normal inventory operations after we have entered our
counts but before you have authorized all final physical inventory adjustments. We can perform
our recounts or investigate certain results without holding up transaction processing.
Notes:
1. Oracle Inventory does not stop inventory processing during a physical inventory. Therefore,
you must procedural coordinate the snapshot of your physical inventory with your actual
counting, and ensure that no transaction activity occurs in a particular location until after you
have performed your adjustments.
2. It is recommended to clear the Pending Transactions and Transactions Open Interface, before
taking a snapshot of inventory.
To freeze the system on–hand quantities:
We use physical inventory tags to record the physical counts of inventory items. Physical
inventory tags represent actual hard copy tags that some companies use to count inventory
items. A tag contains the count for a group of a given item. Although we can record only one
item on a tag, multiple tags can reference the same item, with each tag referring to a unique
physical location for an item.
Note: A tag represents a single item number in a particular sub-inventory, locator with a given
revision, lot, and serial number. If we are not considering serial and lot number then the single
TAG might have n number of items (in a particular sub-inventory, locator combination).
Navigation: Physical Inventory ->Tag Generation or directly click on Tags Button in Define
Physical Inventory Window.
Once enter the starting number click on Generate button.
Oracle Inventory can generate default or blank tags for your physical inventory.
If you choose to generate default tags for each item, specify the starting tag number and the
increment by which you want to increase each digit in the tag number. Your tag numbers may
be alphanumeric, but you can increment only the numeric portion. The alphabetic characters in
the tag number stay constant. Inventory then uses these tag numbers to generate a tag for
every unique combination of item number, sub-inventory, locator, revision, lot, and serial
number for which the system has an on–hand quantity not equal to zero.
If we want to have some empty tags handy to record counts for stock–keeping units for which
Inventory has no on–hand quantity (and therefore does not generate default tags), you can
generate blank tags. Inventory assigns tag numbers to blank tags, but does not include any
item or location detail. You specify this information when you enter your tag counts. You can
generate as many blank tags as you want. We can also exclusively use blank tags to perform a
physical inventory. If you need to perform a complete wall–to–wall physical inventory, you can
go through your warehouse and attach blank tags to every item and/or location you see. As
you perform the count, you record the item and stock–keeping unit information along with the
actual on–hand quantity.
Run a concurrent program Physical Inventory Tags to generate physical inventory tags with
below parameter details.
Out put will be like below screen up to 130 tags
Run a concurrent program Physical Inventory Tag Listing to list the physical inventory tags with
below parameter details. Out put will be like below screen up to 130 tags
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