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Inventory Replenishment

By Kyle Ross,2014-10-06 00:43
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Inventory Replenishment

    Inventory Replenishment

    Overview

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Inventory Replenishment

    System References

    Oracle Inventory > Kanban > Pull Sequence Summary Oracle Inventory > Kanban > Requests

    Oracle Inventory > Kanban > Kanban Cards Summary Oracle Inventory > Items > Organization Items Oracle Inventory > Item Subinventories

    Oracle Inventory > Planning > Min-Max Planning Oracle Inventory > Min-Max Planning > Requests Oracle Inventory > Counting > Replenishment Count Headers Oracle Inventory > Counting > Replenishment Count Lines Oracle Inventory > Transactions > Query Material Oracle Inventory > Material Workbench

    Oracle Inventory > Subinventory > Subinventories Summary

    Distribution

    *Job Title

    Ownership

    The Job Title [list@YourCompany.com?Subject=EDU40C8Y.doc] is responsible for ensuring that this document is necessary and that it reflects actual practice.

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    R12 Replenishment Fundamentals

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Objectives

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Overview of Inventory Planning

Overview of Oracle Inventory

    Inventory planning involves answering two questions:

     When should you place a new order?

     How much should you order?

    Using the Oracle Inventory application, you can set up the following types of inventory replenishment plans:

     Min-max planning

     Reorder-point planning

     Kanban replenishment planning

     Replenishment counting (for non-quantity tracked subinventories) After you select the replenishment method that you want to use, Oracle Inventory concurrent programs populate the requisition interface.

    Oracle Inventory planning interfaces with Oracle Purchasing, and indirectly with Oracle Order

    Management.

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Order Planning

Replenishment Considerations

    Before you replenish your inventory, you should consider the following:

     Order time

     Order size

     Planning method

    When to Order

    Typically, you should order when the on-hand quantity plus incoming supply minus demand is less than the specified minimum inventory level. On-hand quantity refers to what you currently have in stock. Supply represents on-hand stock plus inventory coming into the organization. Demand represents the need for a particular item.

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How Much to Order

How Much to Order

    Ideally, you should order a quantity that balances the cost of placing an order with the cost of managing inventory while covering expected demand. After you determine the amount to order, you can create a requisition to replenish inventory from another organization or a supplier. Note: Suppliers may have minimum order quantities.

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    Replenishment Process for Intra-Org Supply Sources

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    Replenishment Process for Supplier Supply Sources

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    Replenishment Process for Inter-Org Supply Sources

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