Oracle EBS menyediakan fasilitas Cycle Count dan ABC Analysis. Cycle Count bisa membantu perusahaan untuk mengukur akurasi quantity onhand maupun value (cost). Jika inventory taking (Physical inventory) biasanya hanya diadakan 1 kali atau 2 kali dalam satu tahun, Cycle Count bisa dilakukan lebih sering. Di samping itu, Cycle Count tidak perlu freeze transaksi. Dengan dibantu ABC Analysis, system akan secara otomatis menjadwalkan item-item dalam kelas tertentu untuk dihitung. Cycle Count merupakan gagasan baru di tempat saya bekerja, dan masih dalam tahap penggodokan mengenai mekanismenya. Saya akan update pengalaman pertama kami menjalankan Cycle Count dengan system oracle EBS segera setelah terimplementasi.
OnTrack CIP Validation application focuses on ensuring that clean-in-place systems operate effectively and as required to ensure that process equipment and piping are cleaned according to previously specified requirements for flow, temperature, chemical concentration, time and required transitions such as valve pulsing for each CIP step. Review the advantages of having an electronic record indicating that each circuit has been cleaned effectively, and how notifications can be sent to production, maintenance, and quality the moment an issue arises, not after the wash has completed, only to be re-washed again. Therefore, reducing water, chemical, utilities usage, and maximizing production time.
Oracle EBS menyediakan fasilitas Cycle Count dan ABC Analysis. Cycle Count bisa membantu perusahaan untuk mengukur akurasi quantity onhand maupun value (cost). Jika inventory taking (Physical inventory) biasanya hanya diadakan 1 kali atau 2 kali dalam satu tahun, Cycle Count bisa dilakukan lebih sering. Di samping itu, Cycle Count tidak perlu freeze transaksi. Dengan dibantu ABC Analysis, system akan secara otomatis menjadwalkan item-item dalam kelas tertentu untuk dihitung. Cycle Count merupakan gagasan baru di tempat saya bekerja, dan masih dalam tahap penggodokan mengenai mekanismenya. Saya akan update pengalaman pertama kami menjalankan Cycle Count dengan system oracle EBS segera setelah terimplementasi.
OnTrack CIP Validation application focuses on ensuring that clean-in-place systems operate effectively and as required to ensure that process equipment and piping are cleaned according to previously specified requirements for flow, temperature, chemical concentration, time and required transitions such as valve pulsing for each CIP step. Review the advantages of having an electronic record indicating that each circuit has been cleaned effectively, and how notifications can be sent to production, maintenance, and quality the moment an issue arises, not after the wash has completed, only to be re-washed again. Therefore, reducing water, chemical, utilities usage, and maximizing production time.
Non-exhaustive list of key activities leading to finalization of Accounts (of a manufacturing business) for the purpose of Reporting, for educational / reference use only (Version 01 Revision 00)
We all have a general understanding of how inventory counting works, but do we really know the best practices and why they are so important? This presentation discusses that further
Production Line OEE (Overall Equipment Effectiveness)Brian Thomas
This webinar session reviews utilizing a proven, lean manufacturing technique, called Overall Equipment Effectiveness, or OEE for short. DST Controls discusses what OEE is and why it is so important for modern manufactures to incorporate it in their operations. Barry Callebaut, a major chocolate producer, had no visibility into their process to determine if the proper amount of ingredients were used in their batch process. An OEE solution by Rockwell Automation was implemented to automatically track material loss, and company estimates they have achieved a $500k net annual gain through resultant ingredient optimization and product consistency.
Use of Inventory cycle counting is a recommended task that requires continuous monitoring of stock on a weekly, monthly or bimonthly basis. Better results of inventory management can be obtained by acquiring certain knowledge about this scheme which is available at InventorySkills.com
Overview of the financial architecture in oracle e business suite release 12magnificbsr
www.Magnifictraining.com-oracle apps r12 scm fuctional online training.
contact us: info@magnifictraining.com or
call us: +919052666559
oracle apps technologies like oracle discrete manufacturing, oracle apps purchasing training,
oracle apps order management training,oracle apps r12 functional training.
real time Oracle scm online training by industrail experts
for details call:+919052666559 hands on training on oracle online TRAINING.
Oracle Apps Finance Functional R12 Online Training Course Details
Oracle Apps R12 Summary Course Content
Payables (AP)
Receivables (AR)
General Ledger (GL)
Fixed Assets (FA)
Cash Management (CE)
Multi Org Access Control (MOAC)
Sub Ledger Accounting (SLA)
R12 Detailed Course Content:
Basic Concepts of R12
Architectural Overview – System Administration
UI Navigation changes in R12 Vs 11i
Flex fields
Access and Controls
Functional overview of Products
Concepts of LE/OU/Chart of Accounts
Differences between R11 Vs 11i-sneek peek review
Creation of Users and assignment of Responsibilities
Profile Options and security controls
Non-exhaustive list of key activities leading to finalization of Accounts (of a manufacturing business) for the purpose of Reporting, for educational / reference use only (Version 01 Revision 00)
We all have a general understanding of how inventory counting works, but do we really know the best practices and why they are so important? This presentation discusses that further
Production Line OEE (Overall Equipment Effectiveness)Brian Thomas
This webinar session reviews utilizing a proven, lean manufacturing technique, called Overall Equipment Effectiveness, or OEE for short. DST Controls discusses what OEE is and why it is so important for modern manufactures to incorporate it in their operations. Barry Callebaut, a major chocolate producer, had no visibility into their process to determine if the proper amount of ingredients were used in their batch process. An OEE solution by Rockwell Automation was implemented to automatically track material loss, and company estimates they have achieved a $500k net annual gain through resultant ingredient optimization and product consistency.
Use of Inventory cycle counting is a recommended task that requires continuous monitoring of stock on a weekly, monthly or bimonthly basis. Better results of inventory management can be obtained by acquiring certain knowledge about this scheme which is available at InventorySkills.com
Overview of the financial architecture in oracle e business suite release 12magnificbsr
www.Magnifictraining.com-oracle apps r12 scm fuctional online training.
contact us: info@magnifictraining.com or
call us: +919052666559
oracle apps technologies like oracle discrete manufacturing, oracle apps purchasing training,
oracle apps order management training,oracle apps r12 functional training.
real time Oracle scm online training by industrail experts
for details call:+919052666559 hands on training on oracle online TRAINING.
Oracle Apps Finance Functional R12 Online Training Course Details
Oracle Apps R12 Summary Course Content
Payables (AP)
Receivables (AR)
General Ledger (GL)
Fixed Assets (FA)
Cash Management (CE)
Multi Org Access Control (MOAC)
Sub Ledger Accounting (SLA)
R12 Detailed Course Content:
Basic Concepts of R12
Architectural Overview – System Administration
UI Navigation changes in R12 Vs 11i
Flex fields
Access and Controls
Functional overview of Products
Concepts of LE/OU/Chart of Accounts
Differences between R11 Vs 11i-sneek peek review
Creation of Users and assignment of Responsibilities
Profile Options and security controls
4. About OriGen Biomedical
OriGen was founded in 1996
Currently 55 employees
Based in Austin, Texas
$1.9MM in Inventory
$7.8MM in Sales
5. How We Leverage Epicor 9
Went live with 9.05 in 2010
Chose Epicor for scalability and
robust inventory and production
features
Product traceability is critical
6. Inventory Variances Over Time
0
10
20
30
40
50
60
70
80
Jul. 2012 Dec. 2012 Mar. 2013
Thousands(Absolute)
Raw Material WIP Finished Goods Net Variance
7. Question:
How often do you reconcile inventory
reports to the GL?
A. Once per day
B. Once per week
C. Once per month
D. Never/Reports don’t balance
E. Have not deployed Epicor
9. Potential Causes for Variances
General
Ledger
• Control
Codes
• Journal
Entries
Reports
• “As Of”
Dates
• Backdated
Entries
• Report
Settings
Human Error
• Training
• Clerical
Errors
• Not
Following
Procedure
10. How Does Inventory Flow through the GL?
Action Tran Type Dr. Cr.
Receipt (no Insp.) PUR-STK Raw Materials AP Clearing
Receipt to Inspection PUR-INS Inspection Pending AP Clearing
Receipt w/o Part Class PUR-UNK Unclassified Exp. AP Clearing
Pass Inspection INS-STK Raw Materials Inspection Pending
Fail Inspection INS-DMR DMR Hold Inspection Pending
Reject DMR Material DMR-REJ Scrap COGS DMR Hold
Issue Raw Material to Job STK-MTL WIP Raw Materials
Issue Sub-assembly to Job STK-MTL WIP Sub-Assembly
11. Which Inventory Reports Are Affected?
Action Tran Type Part Moves to: Part Leaves:
Receipt (no Insp.) PUR-STK Stock Status Rpt. n/a – new part
Receipt to Inspection PUR-INS Inspection Pending n/a – new part
Receipt w/o Part Class PUR-UNK Stock Status n/a – new part
Pass Inspection INS-STK Stock Status Rpt. Inspection Pending
Fail Inspection INS-DMR Open DMR Rpt. Inspection Pending
Reject DMR Material DMR-REJ None Open DMR Rpt.
Issue Raw Material to Job STK-MTL WIP Report Stock Status Rpt.
Issue Sub-assembly to Job STK-MTL WIP Report Stock Status Rpt.
13. Set a Starting Point
Post outdated transactions
Review “Inventory/WIP Reconciliation” report
• Set Start Date way back and only look at unposted items
Run “Capture COS/WIP”
14. Run These Reports:
Inventory WIP Reconciliation (again)
Stock Status
Open DMR
Inspection Pending
WIP
General Ledger
Trial Balance
17. “Reset” the Inventory GL Accounts
Review trial balance
Journal entry to zero out inventory accounts
• Post against inventory reserve (contra asset)
Review inventory reports
Journal entry to make GL match reports
• Pull from inventory reserve
• Charge changes to reserve and deplete
Balance daily until the dust settles
18. Tools to Track Down Variances
Balance Inventory Reports to GL Daily
• Variances are much easier to find with less data
Inventory/WIP Reconciliation Report for GL movement
• Refine to a specific GL or TranType
Keep track of parts with altered class or product group
• Changing PG or PC moves inventory reports but not GL
Identify internal processes that need to change
Use Epicor consultants to review control code setup
Get creative!
20. Address Training Needs & “Buy-in”
Well-trained
employees
“Buy In” – E9
is easy to use
Clean data in
and out
Lack of
training
Employees
not on board
Poor data
quality
When training is not a priority:
However, when training is a priority:
21. Other Issues to Investigate
“As of” dated reports don’t give historical totals
Prevent transaction activity while running inventory
reports – run reports after-hours
Dates/date ranges don’t match
Stock Status Report excludes non-nettable bins
Rounding variances
22. “As Of” Report Dates Omit Data
Historical dates
don’t necessarily
give historical
totals
“Cutoff” or “As Of”
dates show data in
unexpected ways
WIP Report shows
current jobs with
$0 in cost; Closed
jobs not listed.