Oracle Inventory Interview Questions and Answers-1

* Item Master organization: Oracle Inventory only defines items in the Item Master organization of the organization from which you enter the Items window.

⦁ Where else is workday calendar required in Oracle implementation?
This is required when Oracle Master Scheduling/MRP and Oracle Supply Chain Planning is installed.

* What is a demand class?
Demand classes segregate scheduled demand and production into groups, allowing you to track and consume those groups
Independently. Oracle Master Scheduling/MRP and Oracle Supply Chain planning uses this demand class during forecast consumption, and shipment and production relief.

⦁ What is Move Order Timeout Period field?
 Move Order Timeout Period field is about the number of days a move order requisition can wait for approval.

* What is allow negative balances?
Allow negative balances Determines whether inventory transactions can drive the inventory balance of an item negative.

Attention: If insufficient quantity on hand exists in a supply sub inventory to satisfy back flush demand, Oracle Work in Process forces the supply sub inventory balance negative, ignoring this option setting.

⦁ What are locator control options?

None,
Pre specified only,
Dynamic entry allowed,
Determined at sub inventory level.

⦁ The costing organization can be the current Organization itself (thus, it controls its own costs), or it can be the Item Master organization.

⦁ What is Purchase Price Variance
The variance account used to record differences between purchase order price and standard cost. This account is not used with the average cost method.

⦁ What is Inventory A/P Accrual?

The liability account that represents all inventory
Purchase order receipts not matched in Accounts
Payable, such as the uninvoiced receipts account.

* What is Invoice Price Variance?

The variance account used to record differences
between purchase order price and invoice price.

⦁ What is the option for lot number uniqueness?

Across items: Enforce unique lot numbers for items across all
Organizations.
None: Unique lot numbers are not required.

⦁ what is an option for lot number generation?

User–defined: Enter user–defined lot numbers when you receive
items.

At organization level.
At item level.

⦁ What is an option for serial number uniqueness.

Within organization: Enforce unique serial numbers within the
current organization.
Within inventory items: Enforce unique serial numbers for inventory items.
Across organizations: Enforce unique serial numbers throughout all organizations.

⦁ What is an option for serial number generation?

At organization level:
At item level:

Note: If serial number generation is at the organization level you must enter a starting serial number.

⦁ What is Select default-picking rule.

Picking rules define the priority that order management functions use to pick items.

Attention: A picking order of 1 means that order management
functions pick items from that sub inventory or locator before others with a higher number (such as 2, 3, and so on).

⦁ What are the source’s types for item replenishment?
Inventory
Sub-inventory
Supplier
None.

⦁ What are the Inter–Organization Transfer Charge option?

Predefined percent.
Requested value.
Requested percent:
None