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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