Friday Apr 12, 2013

Announcing Functional White Papers Addressing Stock Counts for RMS and SIM

Inventory accuracy is a critical and highly sensitive area affecting retailers, and it has a significant impact on increasing levels of customer service, reducing costs, and enhancing productivity. Stock counts are one of the main tools retailers have to ensure their perpetual inventory is accurate. Oracle Retail has published two new documents on My Oracle Support (https://support.oracle.com) that provide partners and retailers with deeper functional information about stock counts in Oracle Retail Merchandising System (RMS) and in Oracle Retail Store Inventory Management (SIM).

Oracle Retail Merchandising System Stock Counts Overview (1536804.1)

This document provides an overview of the primary functions and features of the Stock Count module in Oracle Retail Management System (RMS) as well as an overview of the integration of this module with Oracle Retail Store Inventory Management (SIM) and Oracle Retail Warehouse Management System (RWMS). This white paper covers numerous topics around stock counts including:

  • Scheduling stock counts
  • Creating stock count requests
  • Inventory snapshots
  • Uploading count results
  • Reviewing, updating, and accepting count results
  • Updating and reviewing the value of a count
  • Processing value results
  • Reviewing the month end process
  • Batch processes related to stock counts
  • System level settings related to stock counts

Oracle Retail Store Inventory Management Stock Counts Overview (ID 1541449.1)

All stock counts in SIM follow a similar process flow. The general process of taking a stock count begins with the setting up of a product group (with the exception of Ad Hoc stock counts). When a product group is created, it can be named in any way that is meaningful to the user. A group can be a way to logically group the items, such as by department or a specific section of a store. After the product group is set up, the user must schedule the stock count. When the schedule date is reached, the stock count appears on the Stock Count List screen. The user can then perform the stock count.

Topics in this White Paper include the following:

  • Stock count functional overview
  • Types of stock counts
  • Stock count configuration
  • Creating, scheduling, generating, and starting stock counts
  • Counting and recounting
  • Processing third party results
  • Viewing and updating rejected items
  • Authorizing a stock count
  • Updating stock on hand (SOH)
  • Stock-count related process flows
  • Tables and batches used for 'unit and amount' stock counts
  • Glossary
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