What if when physical count differs from system count?

Answers were Sorted based on User's Feedback



What if when physical count differs from system count?..

Answer / krishna

You have to do the Adjustment for equal quantity.for this
you need a approval if the quantity exceeds beyond the
tolerances.

Is This Answer Correct ?    7 Yes 0 No

What if when physical count differs from system count?..

Answer / rajan kumar

As the name suggest Physical count is done in the warehouse to keep track/count of all the items and there quantities to have proper accounting for those. It can be done once or twice in a year. The aim is to maintain a sync with Systematic count(done in oracle system) and find the difference and thus maintain inventory sync and proper finance and accounting of items.

During time of physical count.No transaction is done systematically(Blackout period) so that snapshot of on hand systematically and on hand by physical counting in warehouse can be done and compared .

Is This Answer Correct ?    0 Yes 0 No

What if when physical count differs from system count?..

Answer / sandeep raja

Physical Count : physical count is done for twice or single time in a year,the word physically says it is done counting at inventory's and check with system whether the count is matching or not. here no schedule count option availble. physical count mainly done for the external purpose/Audit.

Cycle count : it is done for internal audit purpose, cycle count can be done for diff schedule from weekly to monthly etc. by doing counting process we can know the qty difference in system and inv.

Is This Answer Correct ?    0 Yes 0 No

What if when physical count differs from system count?..

Answer / suresh

Counting means:To adjust the system quantity to actual warehousing quantity......The main purpose of counting is maintain the accuracy in inventory....Counting is two types physical counting:Yearly once or twice
Freeze the transactions..
No abc analysis
Cycle counting: Periodic one...
Based on abc codes u have to do cycle counting
Recounting...Scheduling possible only in cycle counting

Is This Answer Correct ?    0 Yes 0 No

What if when physical count differs from system count?..

Answer / chandra sekhar

Physical counting
Snapshots
Tag Generation
Tag counts
Difference: In this we can count once in a year,we cant view the system on hand qty,we cannot do the schedules,

In cycle counting we can count one more than one time like daily,weekly, periodically
2 scheduling
3 able to see the sys on hand qty

Is This Answer Correct ?    2 Yes 3 No

What if when physical count differs from system count?..

Answer / kesanave

physical count :-Physical count we will do in the Warhorse
(Inventory counting the items )
system count :-Sytem count we will do actual count in the
system.

Is This Answer Correct ?    0 Yes 3 No

What if when physical count differs from system count?..

Answer / venkata

physical count :-Physical count we will do in the Warehouse
(Inventory counting the items )
system count :-Sytem count we will do actual count in the
system.

Is This Answer Correct ?    0 Yes 3 No

Post New Answer

More Oracle Apps SCM Interview Questions

What are the types of Calender? Where we are define it?

1 Answers  


What is meant by Position Hierarchy and Supervisor Hierarchy ????

3 Answers  


Can i make restrictions for sales order? Like, book the sales order only for 100 or above quantities?

1 Answers  


In picking screen, what are the mandatory details to be entered?

4 Answers   iGate,


What are the different types of RG Registers?

1 Answers  






What are the version controllers?

1 Answers   Cap Gemini, TCS,


What is the manufacturing part number ??????

1 Answers   Wipro,


what characters can i use in an item name(including special characters)???

1 Answers  


In OM customer requested for Item A but shipped Item B (Substitute Item). If customer returns substitute item what steps we follow Is there any steps for substiture RMA returns?

2 Answers   Intelligroup,


How do i delete an item template I no longer use?

2 Answers  


Explain the different levels of Inventory org structure ? What is Operating Unit ? What is Legal Entity ? What is Inventory Organization ? What is Set Of Books ? In which setup you control the costing method ? What is Item master organization ? How many item master organization we can setup ? What is Subinventory ? What is Locator ? Are Subinventory or Locators mandatory ? Can you copy inventory org structure ? What is shipping network ? Explain UOM and UOM class ? Explain Item status controls ? How many Item attributes we can setup ? How you can provide custom item attributes ? What are status attributes ? Explain the functionality of Item templates ? How Item types are defined ? Explain the use of cross-references ? Explain Item categories ? What is the difference between category and category set ? How do you assign items to item categories ? How do you load /import items ? Explain the use of Item revisions ? How do you search items ? How do you delete items ? What are deletion constraints ? Can we have custom deletion constraints ? What are different type of serial number uniqueness ? How do you generate serial numbers ? Can serial numbers and lot numbers co-exists for an item ? Where do you enable or disable serial / lot number capabilities for an item ? What is material status ? Explain the use of material status ? List some of the seeded material transaction types ? What are transaction sources ? Can we have custom transaction sources / types ? What are the benefits of account aliases ? What is the difference between subinventory transfer and move order ? Can move orders support inter-organization transfer ? What is miscellaneous transactions ? Explain the use of shortage notifications ? Where do you enable the shortage notifications ? How do you do inter-org transfer ? Is sales order mandatory for inter-org transfer ? Explain the difference between direct transfer and intransit transfer ? Can we purge material transactions ? Can we import material transactions through API ? What is vendor managed Inventory (VMI) ? What consigned Inventory ? What is the difference between VMI & consigned inventory ? Explain the life cycle of move orders ? What are the different ways move orders are created ? What forecasting methods oracle inventory supports ? When do you generate forecast automatically and when do you setup manually ? Explain the min-max planning functionality ? Explain the Re-Order Planning (ROP) process ? What is the difference between Min-Max and ROP ? What is safety stock ? How safety stock is calculated ? Explain replenishment counting ? What is the purpose of ABC analysis ? Explain the cycle counting process ? Explain the physical inventory process ? When do you recommend cycle counting Vs physical inventory ? What are the key flex fields (KFF) in Oracle Inventory ? What are the descriptive flex fields (DFF) in oracle inventory ?

8 Answers   Deloitte, TCS,


Wanted to send the Notification to the Supplier by e-mail.

6 Answers   Emaar,


Categories
  • Oracle Apps Technical Interview Questions Oracle Apps Technical (547)
  • Oracle Apps Financial Interview Questions Oracle Apps Financial (793)
  • Oracle Apps Manufacturing Interview Questions Oracle Apps Manufacturing (53)
  • Oracle Apps HRMS Interview Questions Oracle Apps HRMS (169)
  • Oracle Apps CRM Interview Questions Oracle Apps CRM (9)
  • Oracle Apps SCM Interview Questions Oracle Apps SCM (141)
  • Oracle Install Base Interview Questions Oracle Install Base (62)
  • Oracle Service Contracts Interview Questions Oracle Service Contracts (101)
  • Oracle Apps AllOther Interview Questions Oracle Apps AllOther (114)