INVENTORY

What is an item?
An item is a part of services where you can purchase, sell, plan, manufacture, stock, distribute and
prototype. If it is Process item, it can be containers for items as well as components you build into other
items.

What is Item Master Organization?

An item master organization is a logical entity where you define the item. After you define an item in
the item master, you can assign it to any number of other organizations.
TABLE: org_organization_definitions, mtl_parameters

What is Inventory Organization?

It is a facility which will enable you to store and transact the items. It can be a manufacturing unit,
warehouse, distribution center etc…

What is a sub inventory?

Sub inventory are unique physical or logical separations of material inventory. These can be raw
material, finished goods or defective material sub-inventory. You must define at least one sub-inventory.
Sub-inventories are two types:
1. Storing
2. Receiving
Sub-inventories are intermediate or final put away locations for material. Material that resides in a
storage sub-inventory appears in on hand quantity. The system can book orders against and use
manufacturing process on material that resides in a storage sub inventory.
Receiving sub inventory is only used to receive items, items in this sub-inventory cannot be on-hand or
reserved.

Table: mtl_secondary_inventories

What is the primary key in MSIB(mtl_system_items_b)?

Inventory_item_id and organization_id

What are the tables hit when creating item?

Mtl_system_items_b, Mtl_item_categories, Mtl_system_items_tl, Mtl_item_revisions

In which table does the sub inventory related information for an item is stored?
Mtl_item_sub_inventories

What is difference between _b, _tl, _vl?

_b base table
_tl Translated language
_vl View for all languages

What are the key flex fields in oracle Inventory?

1. System Items
2. Item Catalogs
3. Item Categories
4. Stock Locators
5. Account Alias
6. Sales Order
What is the navigation to create item?
Inventory > Items > Master Item

What are the basic steps involved in defining an item?

Create an item in the item master form
We have 3 type of methods to create item.
1. By Manual assignment of attributes to item
2. Using Template method
3. Interface
Copy the template from the tools menu and assign the item to different inventory organizations.

What is item attributes?

Item attributes are the collection of information about an item. These are used to store specific
characteristics of an item, such as item status, unit of measure, revision control, etc. These can be
controlled at either the master or the organization level.
These attributes are stored in a table named as mtl_item_attributes.

What is the use of item template?

An item template is a set of attributes that enable the user to quickly create an item. You can use the
existing templates are you can create your custom template.
Table: mtl_item_templates

What is the navigation to create subinventory?

SETUP > Organization > sub inventory

What is an item category and category set?

A category is a logical classification of items that have similar characteristics.
A category set is a distinct grouping scheme and consists of multiple categories.
*** An item can be belongs to any number of category sets. We can assign item to one category with in
each category set.
Tables: mtl_categories_b, mtl_category_sets_b

What is the table name and column name to get long-description of an item?
Mtl_system_items_tl.long_description

What is the attribute name to enable item in OM?

Customer Ordered

MRP?
Material required planning

Difference between mtl_parameters and org_organization_definitions?

Mtl_parameters is a base table for inventory organization
Org_organization_definitions -> Is a view and dependent on mtl_parameters, gl_ledgers,
hr_organization_units.

UOM?
The unit of measure(UOM) helps us to count the number of items involved in a transaction or the
number of items that are stored in a sub inventory or a locator.
Table : mtl_units_of_measure;
What is the table name for stock locations?
Mtl_item_locations

Can we create customer item in child inventory organization?

No we can’t

Explain shipping method?

Shipping methods are the way you ship material. When you create a shipping method, you must enable
it before you can use it in a shipping network.

Describe inter organization shipping networks?

An inter-organization shipping networks describes the relationships and accounting information between
a shipping organization and a destination organization.
They are two types
1. Intransit, 2. Direct.

In which tables are the transactional details are stored?

Mtl_material_transactions
Mtl_transactions_accounts

What is the link between mtl_parameters and mtl_system_items_b ?

Organization_id

Link between mtl_system_items_b and mtl_onhand_quantities?

Inventory_item_id
Organization_id

Link between mtl_system_items_b and mtl_reservations?

Inventory_item_id
Organization_id

Link between mtl_system_items_b and mtl_item_categories?

Inventory_item_id
Organization_id

Link between mtl_system_item_b and mtl_customer_items?

We need to add mtl_customer_item_xrefs
Mtl_system_items_b.inventory_item_id = mtl_customer_item_xrefs.inventory_item_id
Organization_id = master_organization_id
Mtl_customer_items.customer_item_id = mtl_cutomer_item_xrefs.customer_id

What is revision control in oracle inventory?

A revision is a particular version of an item, bill of material, or routing, reservation control is normally
enabled for identifying a modified item.
Item can be placed under revision control by checking the box ‘REVISION CONTROL’

What are the different inventory transactions?

A transaction is an item movement with into or out of inventory. A transaction changes the quantity and
location of an item.
Different inventory transactions
 1. Receive an item into an organization from GL account number
2. Issue an item into an organization into a GL account NUMBER
3. Transfer items from one subinventory to other in the same organization
4. Transfer of items between various inventory organizations
5. Reservation of items

Describe various inventory transaction types?

Miscellaneous transaction:
This transaction is used to do adjustments in stock due to damage, obsolescence, issuing items
for R&D or issuing trackable expense items.
Sub-inventory transfer:
This transaction is used to transfer goods from one sub-inventory to another with in the same
organization.
Inter org transfer:
This transaction is used to transfer goods form one inventory to another inventory organization.
Receiving Transaction:
This transaction is used to move goods from receiving dock to specified sub-inventory and
locator.
Sales Issue:
This transaction is used to move goods from pick sub-inventory to staged sub inventory
WIP issue:
This transaction is used to issue material against production orders.

What is a transaction types?

A transaction type is a combination of a transaction source type and a transaction action. It is used to
classify a particular transaction for reporting and querying purpose.

EX: Sales order issue (trx_type) +issue from stores(trx-action) = Sales order (trx_source type)
Move order transfer (trx type) + subinventory transfer (trx action ) = Move order (trx source type)

What is an order point?

An order point is a point in time at which an order is placed to replenish goods in inventory.

What is an order quantity?

An order quantity is the amount of goods that an order requests be shipped to the store.

What is the lead time?

Lead time is the period of time from which an order for goods is placed until it is received by the store.
Lead time is an important consideration for determining when orders should be placed.

What is demand?
Demand is the quantity that customers are willing to buy. Demand can be found through forecasting and
is needed to find the EOQ level.

What is forecasting?
Forecasting is the process of estimating the future demand of a product.

What types of forecasting can I do?

There are two types of forecasting qualitative and quantitative.
Qualitative uses personal opinions to determine forecasts.
Quantitative uses numerical data and statistical modeling to determine forecasts.

What is rank?
Alternate or substitution inventory item for a customer item.

Inventory organization is not listed in change organization.

Setup > Organizations > Organization Access

Create new record

Select destination org and assign our organization

What is inventory Control?

Inventory control is the process of reducing inventory costs while remaining responsive to customer
demands. By this definition a store would want to lower its acquisition carrying ordering and stock out
costs to their lowest possible levels.

What does inventory affect in a store?

Inventory levels and their values can affect the income of the store, the amount of taxes paid, and the
total stocking cost.

What are the important considerations in inventory control?

For inventory control to work at its best a store must consider the costs of acquisition carrying ordering
and stock-out. The store must also look at its reordering system, its budgeting for inventory, insurance
and forecasted demand.

What are the types of re-ordering systems that can be used in inventory control?
There are several types of re-ordering systems
The flexed order quantity uses fixed quantities of goods ordered at various order points to replenish
inventory.
The fixed order period use fixed times of re-order with various order quantities to replenish inventory to
preset level.