RMS 13 Business Essentials: Inventory and Stock

This course is designed for functional end users, business consultants, and management. This course introduces the audience to the Oracle Retail Merchandising System and describes part of the merchandising system showing how to create Inventory and Stock requests and changes, including navigational concepts that are needed to work within the application. This course is the second in a series for the Oracle Retail Merchandising System version 13. The course will focus on Stock Transfers, including Mass Return Transfers as well shipping and receiving concepts, cost and inventory adjustments, vendor returns, and stock ledger and Stock counts. The course will also focus on Standard Edition and the Wholesale Franchise aspect available in the merchandising system.

Learn To:

• Understand Shipping and Receiving Processes
• Create Return to Vendor and Mass Return Transfers
• Define Inventory adjustments
• Understand Wholesale Franchise
• Create Transfers
• Understand Stock Ledger and Stock Counts

A Live Virtual Class (LVC) is exclusively for registered students; unregistered individuals may not view an LVC at any time. Registered students must view the class from the country listed in the registration form. Unauthorized recording, copying, or transmission of LVC content may not be made.

Audience

• Functional Implementer
• Technical Administrator
• End Users

Course Topics Navigation

• Navigation
• Searching
• View and Customization Window
• Help System

Transfers

• Available Transfer Types
• Creating Manual Requisitions
• Creating Manual Requisitions with Finishers
• Creating Manual Requisitions without Finishers
• Transfer Up Charges

Shipping and Receiving

• Shipping and Receiving Process
• Shipping Schedule Process
• Shipment of Transfers
• PO Receiving Process
• ASN Inbound and Outbound Messages
• Stock Order Exception Reconciliation

Online Inventory Management

• Creating Shipments
• Performing Receiving Functions
• Creating PO's for Direct Store Deliveries

Inventory Valuation and Adjustments

• Cost Changes and Adjustments
• Setting up and Change Costs
• Receiver Cost Adjustments
• Receiver Unit Adjustments
• Weighted Average Cost

Return to Vendor

• Creating a Return to Vendor Order
• Setting Up an RTV for Invoice Match
• RTV Status'
• Return Requirements

Mass Return Transfers

• Explaining Mass Return Transfers
• Mass Return Transfers with RTV
• Mass Return Transfers for Reallocation

Inventory and Inventory Adjustments

• Identifying Inventory Buckets
• Inventory at Transaction Levels
• Grouped Inventory
• Calculating saleable Stock
• Stock on Hand
• Inventory Adjustment Process

Wholesale Franchise

• Creating and Editing Wholesale Franchise Orders
• Distributing Items on Wholesale Franchise Orders
• Substituting Items on Wholesale Franchise Orders
• Wholesale Franchise Customer Maintenance
• Wholesale Franchise Returns

Stock Ledger

• Stock Ledger Attributes
• Accounting Methods
• Budgeted Shrink
• Transaction Data

Stock Counts

• Stock Count Requests and Scheduling
• Physical Counts
• Unit Only Stock Counts
• Unit and Dollar Stock Counts
• Trial Variance Reports

Course Objectives

• Describe Stock Order Exception Reconciliation
• Identify available transfer types in RMS
• Describe the shipment Process
• Describe the Receiving Process
• Create Shipments Via Online Inventory System
• Create PO's for Direct Store Delivery
• Define Weighted Average Cost
• Create a Return to Vendor
• Define Return Requirements
• Create a Mass Return Transfer
• Define Inventory Buckets
• Calculate Saleable stock
• Create Wholesale Franchise Orders
• Describe Stock Ledger Attributes
• Explain Stock Counts
• Explain Stock Count Requests and Scheduling