Landed Cost Management (LCM) is a new module to Oracle EBS R12. The LCM module helps companies record more accurate costs when purchasing inventory items. It accomplishes this by allowing you to add shipping, taxes, duties, insurance, and handling costs to an inventory item. This functionality is especially helpful in our global economy where your [...]
With the merging of inventory module from process manufacturing into the EBS inventory module, EBS inventory now has the ability to track item in two units of measures (UOM). The EBS inventory module has always been able to convert from the primary UOM to another UOM. But when you viewed your on-hand balance, you only saw [...]
When looking at the changes in R12, I noticed that Project Billing has new functionality around agreements – date effective funds consumption. This new functionality helps relieve an old problem when you have multiple agreements associated with one project and you want to generate an invoice for a specific agreement. How Project Billing Worked Before [...]
When you upgrade to R12, you will notice a Material Status field on the organization parameters, item, lot, locator, and sub-inventory forms. You’ll also see it on the Material Workbench when you query on-hand quantity. The Material Status field will allow you to control which transactions can be performed against that item. I think the [...]
I wanted to share with you the R12 changes to item attributes and inventory organization parameters because I feel these configurations are at the heart of all Supply Chain modules. These configurations will determine how items are planned, purchased, built, costed, ordered, and shipped. The R12 changes to the item attributes and inventory organization parameters [...]
Looking at the R12 changes to Cost Management, I found that they fall into the following categories: accounting, integration with other modules, costing, reporting, accruals, period-end, and data architectural changes. Let’s start off with one of the biggest changes, the accounting for cost of goods sold (COGS). Accounting Cost of Goods Sold Recognition In R12, [...]
After you have mastered using the standard WebADI layouts, you may find the seeded templates don’t quite fit your business process. There may be fields you don’t use or fields you wish to add. Oracle does apply you to customize a template’s layout. Changes that you can make to a template layout are: Adding fields [...]
You can say your users will spend half of their time entering data into Oracle E-Business suite and the other half trying to get the data out. In this post, I’ll look at one way of entering data into Oracle EBS. There are basically two ways to enter data into Oracle: by typing it into [...]
When reconciling Inventory to the General Ledger, we need to know how Inventory is integrated with the General Ledger and how Inventory calculates inventory value. Inventory integrates with GL using cost elements and material distributions. WIP integrates with GL using cost elements and WIP distributions. Cost elements define the elemental level that Oracle tracks and [...]
In this post, I will how cost groups are used in the Oracle Inventory, Warehouse Management (WMS), and Project Manufacturing modules. When you setup an inventory organization, Oracle will assign a default cost group to your organization. This cost group holds the inventory valuation accounts and for actual costing methods (like average, FIFO, and LIFO) [...]
