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Oracle Inventory Process Comparison

The document compares the current inventory process to a future process using Oracle Inventory. Currently, there are separate receipt and issue processes in different applications, leading to data duplication and a lack of centralized information. The future process using Oracle Inventory would streamline the workflow into a single application, eliminating duplicate data entry and providing process continuity and real-time status updates. This centralized process would improve stock control and reliability compared to the current unstable system.

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zameersait
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169 views7 pages

Oracle Inventory Process Comparison

The document compares the current inventory process to a future process using Oracle Inventory. Currently, there are separate receipt and issue processes in different applications, leading to data duplication and a lack of centralized information. The future process using Oracle Inventory would streamline the workflow into a single application, eliminating duplicate data entry and providing process continuity and real-time status updates. This centralized process would improve stock control and reliability compared to the current unstable system.

Uploaded by

zameersait
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
  • Inventory Process Flow: Introduces the concept and significance of inventory process flow by comparing current and future processes.
  • Current Process: Discusses the current method of processing receipts and issues within stores and finance applications.
  • Drawbacks of Existing System: Lists the inefficiencies and challenges of the current inventory system including data duplication and lack of centralization.
  • Future Process Flow: Outlines the improved process for managing inventory transactions and receipts in the future automated system.
  • Advantages of the Oracle Inv.: Explains the benefits of using the Oracle Inventory system, such as data centralization and improved reliability.

Inventory Process Flow

A Comparison
Current Process

Receipt in Stores Application


Maintain Suppliers, Print SRV
Register the
Items, and sent to
Receipts
Purchase orders Finance dept.

Receipt in Oracle Inventory


Create
Maintain Items, transaction for
Receive SRV
Suppliers and POs SRV with
accounting Info.
Current Process

Issue from Stores Application


Maintain Customers Print DN
Create an issue
Projects, and sent to
transaction
Purchase orders Finance dept.

Issue from Finance Application (Oracle)


Maintain Customers Create an issue
Projects, Receive DN Transaction with
Purchase orders Accounting info
Drawbacks of Existing System

 Data duplication leading to extra man


hours.
 Inventory Information is not centralized.
 Need to maintain two applications.
 No Process Continuity available.
 Difficulty in Stock Control.
 Instable Application in Stores
Future Process Flow

Receipt

Supplier, PO Receive items


Print SRV
and Items against PO or
if required
already available Supplier
Future Process Flow

Issue
Receive DN and
Create an Issue
Sent DN update accounting
transaction
to Finance Info online
in store
by Finance
w.o account info
Advantages of the Oracle Inv.

 No overhead of duplicate data


 Centralized Information/ data.
 Single application maintenance
 Process Continuity available along with
online status updates
 Reliable Application with up-to-date
backup.

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