cycle count specific items - abc analysis

8/11/2019 Cycle Count Specific Items - ABC Analysis

1/12

Cycle Count Specific Items

ABC Analysis

Application: Inventory

Process: Cycle Count on Specific Item (s)

The process for cycle counting begins with the ABC Analysis process !hilethe intent is to cycle count specific items" #racle will nee$ to you i$entify whatthe starting point is for that specific item cycle count

#b%ectives: This $ocument e&plains the process for cycle counting specific items withinyour organi'ation #*

This $ocument will assume that you wish to perform a cycle count on a specific item (s) withinyour organi'ation in$epen$ent of which subinventory that item may resi$e This will allow you

to select specific items within your organi'ation" combine them into one cycle count" an$ performthe cycle count accor$ingly

Some e&amples of where you woul$ use specific item cycle count:

+) Items are i$entifie$ on the egative #n,-an$ Inventory report As part of the

investigation as to why this has occurre$" you will nee$ to verify the accurate .uantitieson han$ an$ perform a cycle count on these items

/) 0iscrepancies are i$entifie$ with actual on,han$ .uantities versus #racle on,han$.uantities *ou will want to perform a specific item cycle count to correct theinaccuracies as a result of the investigation you perform to $etermine root cause

1) Any A0,-#C cycle counting of specific items This proce$ure is #* to be use$ for

specific item cycle counts2

0efine ABC Compiles

avigate to Inventory 3 ABC Co$es 3 ABC CompilesP. Paul9/2001

Page 1 of 12


2/12


ABC Analysis

P. Paul9/2001

Page 2 of 12


3/12


ABC Analysis

Clic4 on 5ew6

The blan4 0efine ABC Compile form will be $isplaye$

P. Paul9/2001

Page 3 of 12


4/12


ABC Analysis

In the 0efine ABC Compilewindow, enter the following:

Compile Name: Enter a unique name for the compile. You may want to incorate the datewithin the Compile name.

Description: Enter a description of the compile.

In the Content Scopesection, enter the following:

Organiation: If chec!ed, the compile will "e run for all items in the organiation.#u"in$entory: If chec!ed, the compile will only "e run for the items associated with a

su"in$entory. If you select %#u"in$entory& enter the name of thesu"in$entory in the field "elow.

In the 7aluation Scopesection, enter the following:

Organiation: If selected, Oracle will $alue the items across the entire organiation in all

su"in$entories. If the Content #cope is Organiation, the 'aluation#cope must also "e Organiation.

#u"in$entory: If selected, Oracle will $alue only the quantity in the selectedsu"in$entory.

P. Paul9/2001

Page 4 of 12


5/12


ABC Analysis

In the Compile Specificationsection, enter the following:

Criterion: (se the )ist of 'alues *)O'+ to select the criteria for the compile.

Oracle uses the compile criterion to $alue the items you include in your-C compile.

Cost ype: (se the )O' again to select the cost type. 'alue %/roen& is the default.In the e0ample a"o$e, IC' was chosen.

1eep in mind that while you need to compile your items, your specific item cycle count will determinewhat you will "e counting.

8Save3your wor! and select the Compile"utton. his will su"mit a request to run the compileprogram. Clic! on the #9"utton.

.

Select # *ou $o not nee$ a printout of the compile for specific item cycle count

P. Paul9/2001

Page 5 of 12


6/12


ABC Analysis

0efine ABC Classes

The ne&t step in the process is to $efine your classes Since you want to cycle count specificitems" you nee$ only to create one class #racle nee$s to 4now the base for your cycle count

avigate to Inventory 3 ABC Co$es 3 ABC Classes

P. Paul9/2001

Page 6 of 12


7/12


ABC Analysis

In the ABC Classes !i$ow" enter the following:

Class Name: Enter a unique name for the classDescription: Enter a description of the classInacti$e On: (sed only to inacti$ate a class.

8Save3your wor!.

0efine ABC roups

P. Paul9/2001

Page 7 of 12


8/12


ABC Analysis

avigate to Inventory 3 ABC Co$es 3 ABC Assignment roups-C assignment groups associate -C classes with an -C compile.

P. Paul9/2001

Page 8 of 12


9/12


ABC Analysis

In the ABC Assignment roups window, enter the following:

roup ame: Enter a unique name for the assignment group.Compile ame: Enter the name of an -C Compile. #elect from the )ist of 'alues#u"in$entory: Displays the su"in$entory, if any, associated with the compile. In the

e0ample a"o$e, we are not limiting the compile to any specificsu"in$entory. his will default in "ased on your Compile definition.

'aluation #cope: Displays the scope of the compile. his will default.

8SA7;3your wor!..

Clic! on the roup Classes"utton.

P. Paul9/2001

Page 9 of 12


10/12


ABC Analysis

In the ABC roup Class Assignmentwindow:

2riority: #equence num"er in which the classes are ordered. he lower thenum"er, the higher the importance. he default is the ne0t a$aila"leinteger.


11/12


ABC Analysis

In the Assign ABC Itemsheader window:

-C 3roup: Displays the group name.Compile Name: Displays the compile name.#u"in$entory: Displays the su"in$entory if chosen.Num"er of items: Displays the num"er of items in the compile.otal Compile 'alue: Displays the total $alue of the compile.

In the ABC Assignmentssection:

Class: Displays the predefined classes.Item: 4ill display the item name.#eq.: he sequence num"er from the -C Descending 'alue 5eport for the last

item to "e included in the class. If you are assigning classes another way,this field will "e automatically calculated.

In$entory 'alue: Enter the cumulati$e gross in$entory $alue. If another method ofassigning classes is chosen, the field is automatically calculated.

6 Items: Enter the cumulati$e percentage of items to include in the class. If

another method of assigning classes is chosen, the field is automaticallycalculated.6 'alue: Enter the cumulati$e percentage of the $alue to include in the class. If

another method of assigning classes is chosen, the field is automaticallycalculated.

Item Description: Displays the description of the item.

P. Paul9/2001

Page 11 of 12


12/12


ABC Analysis

Clic! on the Assign"utton to launch the concurrent request to assign the items to the classes in the-C group.

8SA7;3your wor!.

P. Paul9/2001

Page 12 of 12

cycle count specific items - abc analysis

Documents