Attention: Oracle Inventory does not stop inventory processing during a physical inventory. Therefore, you must procedurally coordinate the snapshot of your physical inventory with your actual counting, and ensure that no transaction activity occurs in a particular location until after you have counted its contents.
For example, suppose that at the start of your physical inventory the system on-hand quantity for item WIDGET in a particular bin is 30. Oracle Inventory saves this information with the physical inventory snapshot. During the warehouse count, you count a total of 25 units of item WIDGET in the same bin. Before you approve your counts and perform. your adjustments, you resume normal transaction operations, and consequently, item WIDGET reaches a system on-hand quantity of 45. At this point, you perform. your physical inventory adjustments. Oracle Inventory computes the adjustment as the difference between the tag count and the snapshot quantity, NOT the current system quantity of the item that has now reached 45. So in this case, the adjustment is 25 - 30 = -5 units. When the adjustment is posted, the new system on-hand quantity becomes 40 units.
Cycle Count : Periodic counting of inventory items at regular intervals Physical Inventory : Counting is done once / twice a year Cycle Count : We can schedule the count Physical Inventory : We cannot schedule this. Cycle Count : We cannot have a snap shot Physical Inventory : We can have a snap shot Cycle Count : We can view the qty in the system Physical Inventory : We can not view the qty in system Cycle Count : We cane select the items using ABC analysis. Physical Inventory : It is done for all the items. Cycle Count : We need not to freeze inventory transactions. Physical Inventory : Need to freeze inventory transactions. Cycle Count : Recount is possible Physical Inventory : Recount is not possible. Cycle Count : We can maintain recount history. Physical Inventory : No recount, hence no history. Cycle Count : Adjustments can be procesed on approval. Physical Inventory : Can be done using adjustment concurrent
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