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effectively across multiple locations.
2. Item Management: Allows users to define, categorize, and manage inventory items
with unique identifiers, descriptions, and attributes. This feature also enables grouping
of similar items for easy access and tracking.
3. Stock Replenishment: Provides tools for determining optimal reorder points and order
quantities, automating replenishment based on demand forecasts, usage history, and
safety stock levels.
4. Lot and Serial Control: Enables tracking of individual items by lot numbers or serial
numbers, providing traceability and control over each item’s lifecycle, especially in
industries where regulatory compliance is required.
5. Cost Management: Tracks and calculates inventory costs, supporting different costing
methods such as Standard Costing, FIFO (First In, First Out), and Average Costing,
helping organizations manage and analyze their cost of goods sold (COGS).
6. Cycle Counting and Physical Inventory: Provides methods for regularly verifying
inventory accuracy, allowing for cycle counts of specific items or complete physical
inventory counts to reconcile stock records.
7. Material Transfers and Movements: Manages internal transfers and movements of
inventory items between different warehouses or locations, streamlining logistics and
ensuring proper tracking.
8. Integrations with Other Modules: Integrates with other Oracle EBS modules, such as
Purchasing, Order Management, and Oracle Enterprise Asset Management (eAM),
ensuring seamless data flow across departments and improving inventory visibility
and coordination.
Oracle EBS Inventory is especially beneficial for organizations with complex supply chains
or high inventory turnover, as it provides them with real-time data to make informed
decisions, optimize inventory levels, reduce holding costs, and enhance operational
efficiency.
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