Oracle ERP Update 24C: Inventory Management
Medium Impact
Feature Enablement
Redwood Features
Oracle Cloud Updates 24B and 24C have borne the fruits of Chris Leone taking on the mantle of EVP for Oracle Cloud Supply Chain Management in addition to his Oracle Cloud HCM responsibilities last year. We are seeing an accelerated buildout of the Redwood UI across the Inventory Management module.
24C Update Features Covered:
- Redwood Experience
- Inventory
- Shipping
- Cost Management
- Fiscal Document Capture
- Create Receipts Returns for Expense Destination Transfer Orders
- Support for Focused Search by Accounting Status
1. Redwood Experience
In Inventory Management, you can now search for specific periodic automatic replenishment (PAR) location when filtering results:
For many industries, lot and serial control is critical to business operations. Now you can manage your lot and serial numbers using a redesigned page in the Redwood experience.
Additional resources for lot and serial pages can be found here.
In Shipping, you can now create previously unscheduled pick waves using Redwood pages.
In Cost Management, you can now create and edit overhead rates using Redwood Pages. Overhead rates indicate the indirect costs associated with producing an item and represent one of the key input parameters to a cost scenario.
In Fiscal Document Capture, there are new Redwood pages to manage tolerances. Fiscal document tolerances determine whether holds are placed on fiscal documents for variances between fiscal documents and the source documents you match them to.
Using the new Fiscal Document Tolerances page, you can:
- Search the fiscal document tolerance rules by their status as active or inactive.
- Search the fiscal document tolerance rules by party name, inventory organization, and item.
- Create, edit, or delete a fiscal document tolerance rule.
- Define the rule applicability, tolerance types, and tolerance limits for a tolerance rule.
2. Create Receipts Returns for Expense Destination Transfer Orders
Quick Notes:
Customer-Voted Enhancement
When using internal material transfers or transfer orders to replenish consumable goods in your organization, it’s common to use expense destination transfers. With the 24C update, you can now return goods received from an expense destination transfer order. You can create a receipt return for expense destination transfer orders to return material to the source location when you find the material is no longer required.
3. Support for Focused Search by Accounting Status
Quick Notes:
You can now search for transactions by the accounting status using the Search By option on the Review Cost Accounting Distributions page. This feature allows you to quickly search for transactions that are not accounted for or are in error status.
