Thursday, June 11, 2015

Oracle Inventory - Difference between Cycle Count and Physical Inventory

Oracle Inventory - Difference between Cycle Count and Physical Inventory


S no
Cycle Count
Physical Inventory
1
Can be performed on specific items or selective items
Have to count for all items
2
Can be done multiple time in an year , like monthly or quarterly for high value items
Can be done once an year or at the most twice for all the items
3
Scheduling the counting is possible
Scheduling the counting is not possible
4
Snapshot is not available
Snapshot is available
5
During counting, the quantity can be viewed in the system (though option available to restrict)
During counting, the quantity cannot be viewed in the system
6
Can select the item using ABC Analysis
It is possible for all items
7
Inventory Transaction freezing is not required
Inventory Transaction freezing should be done
8
Recounting is possible
Recounting is not possible
9
Recounting History can be maintained
Recounting is not possible, no history
10
Adjustment can be processed based on Approval Process
Adjustment can be processed based on Adjustment Concurrent Program



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