Oracle SCM Functional
Interview Questions & Answers - Inventory Module – Part VIII
If the Line
Type selected in a PO is ‘Outside Processing’, what should be the Destination
type?
Shop floor.
Is it
possible to schedule an item for Cycle Counting when it is under Serial
Control?
Yes from release 11.0 it is possible but for prior release it is not
possible as cycle counting and serial number control doesn’t go parallel.
What is
Hit/Miss % stands for in a Cycle Count?
A Count is considered a Hit if it is within the Hit/Miss tolerance and
a Miss, if it is beyond the tolerance. The Hit/Miss tolerance can be either the
approval tolerance or slightly wider. The Hit/Miss tolerance is used to
evaluate the accuracy of the Cycle Count procedures rather than the actual
accuracy of the Inventory.
If you
don’t want the quantity, ordered or due, is to be displayed while receiving an
item, how will you do this?
Set the Receiving Option ‘Allow Blind receiving’ to Yes.
How will
you ensure that all Receipts will be numbered automatically?
Define the numbering method Automatic or Manual in Receiving Options.
If Automatic is selected, enter the starting number also in the field ‘Next
number’.
If you want
updation of Item Names, where will you mention it?
The profile option ‘INV:Updatable Item Names’ to Yes.
What is an
Intransit Inventory?
When materials are transferred between organizations, we use Intransit
Inventory if the distance between the shipping and receiving organizations are
high and consequently the transportation time is more. The material is in
Intransit Inventory means that it is in the transport used (Truck etc.).
How will
you track material in Intransit Inventory?
Navigation:
India Local Inventory Responsibility > Oracle Inventory > Transaction
> Material Transaction.
Enter the required search criteria and click Find.
The pop up window has the following regions:
Location:
Display the Item, Subinventory, Locator, Revision, Transfer Locator,
Transfer Subinventory, Transfer organization, Transaction Date, Transaction
Type Information.
Intransit:
Display the Shipment Number, Way bill /Air bill Number, Freight Code,
Container, Quantity and Transaction Type Information.
Reason, Reference:
Display the Item, Transaction Reason, Transaction Reference, Costed
Indicator, Supplier, Lot, Source Code, Source Line ID and Transaction Type
Information.
Transaction ID:
Display the Item, Transfer Transaction ID, Transaction Header Number,
Receiving Transaction ID, Completion Transaction ID, Department Code, Operation
Seq. Number and Transaction Type Information.
Transaction Type:
Display the Item, Source, Source Type, Transaction Type, Transaction
UOM, Transaction Qty., Transaction ID and Transaction Date Information.
What is the
difference between Focus Forecasting and Statistical Forecasting?
Focus Forecasting:
This procedure tests, the selected items against a number of
forecasting techniques and choose the best one, based on history, as the
technique to forecast future demand.
Statistical Forecasting:
Uses the exceptional smoothing, trend and seasonality algorithms to
forecast demand for an item.
What does
the term ‘Alpha Smoothing Factor’ used in Statistical Forecasting means?
This Factor is used to smooth demand for each successive period in the
forecast. This levels the demand throughout the forecast, reducing dramatic
upward or downward fluctuations.
The value can range from 0 to 1. Values closer to 0 give more weight
to past demand; values closer to 1 give more weight to current demand.
What is the
Item Attributes Control Level?
The Item Attributes can be controlled at Organization Level and Master
Level.
Can you set
item attributes differently for different organizations?
Yes. Those attributes that are controlled at organization level can be
set differently for different organizations.
Navigation:
India Local Inventory Responsibility > Oracle Inventory > Items
> Organization Items.
Set the required attribute and this will be applicable only to that
particular organization.
Which are
those item attributes that can be controlled only at one level? Mention the
attribute and its unique control level.
While doing
the Sales Order scheduling with Demand Reservation, the item is not getting
reserved. Where will you check?
1. Check the Item Attribute ‘Reservable’ is set to ‘Yes’ or not.
2. Set the Profile Option ‘OE: Reservations’ is set to ‘Yes’ or not.
Reservation control for a Subinventory overrides reservations control
for an item. In other words, if an item is reservable but the Subinventory is
not, the item quantity in that Subinventory is not reservable.
Suppose one
of your suppliers of a particular item supplies the material only in full
truckload. How will you ensure that the Order Quantity will always be the full
truckload quantity or it’s multiple?
Enter the full truckload quantity in the ‘Fixed Order Quantity’ field
of item Attributes.
Reference:
Collected from various web sources.
Please do refer below links for Oracle SCM Functional
interview questions & Answers on inventory module.
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