Oracle Inventory – Physical Inventory

Oracle Inventory – Physical Inventory:

Oracle Inventory provides a fully automated physical inventory feature that is used to reconcile system-maintained item on-hand balances with actual counts of inventory. Accurate system on-hand quantities are essential for managing supply and demand, maintaining high service levels, and planning production.

Physical Inventory is a process to verify whether the actual on-hand quantity in an inventory matches the system on-hand quantity. Mostly physical inventory counting is performed once a year, but based on business requirement the Physical inventory can be performed.

During Physical Inventory counting process, all inventory transactions will be blocked and no inventory moments to be performed.

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India Local Inventory > Oracle Inventory > Counting > Physical Inventory > Physical Inventories

Physical Inventory Process:

Please do refer the below link for difference between Cycle count & Physical Inventory:

http://learnoraclecsbscm.blogspot.in/2015/06/oracle-inventory-difference-between.html