Oracle SCM Functional Interview Questions & Answers - Inventory Module – Part X

Oracle SCM Functional Interview Questions & Answers - Inventory Module – Part X

How will you find out whether any cycle count entry is pending approval?

Run the ‘Cycle Count Pending Approval Report’.

Does Hit / Miss Tolerance is applicable to Physical inventory?

No. It is applicable only for Cycle Counting.

Which are the Physical Inventory Reports?

How will you find out the pending transactions before closing a period?

Navigation:

India Local Inventory Responsibility > Oracle Inventory Accounting Close Cycle > Inventory Accounting Period

Click the Pending Button.

Can you transfer an item from an Expense Subinventory to an Asset Subinventory?

It can be done provided that the profile option ‘INV: Allow Expense To Asset Transaction’ is set to ‘Yes’.

Will the System stop Inventory processing after taking snapshot?

The System will not stop doing transaction after taking snapshot; but we must continuously avoid transaction till then the quantities are counted and entered in the System avoiding errors in counted quantities.

If transaction are done immediately after entering the count quantities, before approving and posting adjustments will it lead to errors in Physical inventory processing?

No. The variation between system On-hand qty. and count quantities are derived by comparing the static qty. recorded at the time of snapshot, and the count quantities entered. The system never makes comparison between count qty. and the current On-hand qty.

Suppose in a particular case, you have selected ‘Never’ in the ‘Approval Required’ field of Physical Inventory, after that you missed to make a few entries of count quantities of several items. In this case, if you post adjustments, what will happen to the missing entries?

The System will consider the count quantities as zero and adjustments will be posted accordingly. So, it is always advisable to run the Physical Inventory Missing Tag Report to find out any missing entries before posting adjustments.

How will you ensure that you didn’t miss to enter count quantity of any item?

Run the Physical Inventory Missing Tag Report.

If the System doesn’t have on-hand qty. for a particular item; will tags be created for them during Physical Inventory Tag Generation?

No. Tags will be generated only for items, which are having on-hand quantity.

Why will you generate blank tags for a physical inventory?

For taking care of items, if any, which are having no system on-hand qty. and at the same time there is physical balance available in the Subinventory.

If the approval action selected is not ‘Never’, is it absolutely essential to perform the approval action (either Approve or Reject) before running the Adjustment Program?

Yes. Oracle Inventory does not posts physical inventory adjustments if any adjustments that are still pending approval.

If the approval action selected is ‘If Out Of Tolerance’ and your count quantity is falling within the approval tolerance, then approving is not required for posting adjustments.

Reference: Collected from various web sources.

Please do refer below links for Oracle SCM Functional interview questions & Answers on inventory module.

http://learnoraclecsbscm.blogspot.in/2015/05/oracle-inventory-scm-functional.html

http://learnoraclecsbscm.blogspot.in/2015/08/oracle-scm-functional-interview.html

http://learnoraclecsbscm.blogspot.in/2015/08/oracle-scm-functional-interview_9.html

http://learnoraclecsbscm.blogspot.in/2015/09/oracle-scm-functional-interview_28.html

http://learnoraclecsbscm.blogspot.in/2015/10/oracle-scm-functional-interview_10.html

http://learnoraclecsbscm.blogspot.in/2015/10/oracle-scm-functional-interview_12.html

http://learnoraclecsbscm.blogspot.in/2015/10/oracle-scm-functional-interview_13.html

http://learnoraclecsbscm.blogspot.in/2015/10/oracle-scm-functional-interview_16.html

http://learnoraclecsbscm.blogspot.in/2015/10/oracle-scm-functional-interview_19.html