Transactions Types

Transactions

Transaction is an item movement into, within or out of inventory. Transaction changes the quantity, Location, planning responsibility or cost of an item. Oracle Inventory, Oracle Order Management, Oracle Purchasing, and Oracle Work in Process, provides you with a complete set of transactions and reports for maintaining inventory control. This allows you to control the flow of material from the time you receive items to the time you ship finished goods to the customer.  

Oracle inventory supports a large number of standard (36) transaction types to satisfy various business needs for inventory control.  

Transaction Source types

• Represents the type of entity that a transaction can originate from
• Oracle provides system defined transaction sources and User can also create user defined transaction sources
• Predefined sources are PO, SO, IR,  RMA, ISO, Inventory

Transaction Actions

• Specifies the result of the transaction action
• Pre-defined actions are Issue from stores, Sub-inventory transfer, Direct organization transfer, Cycle count adjustment, Intransit receipt, Intransit shipment, Receipt into stores

Transaction types (= Transaction Actions + Transaction Source types)

• Transaction type is a combination of transaction actions and transaction source types
• Miscellaneous receipt(Transaction Type) = Receipt into stores(Action) + Inventory(Source type)
• Oracle provides predefined transaction types
• User can also define the transaction with the user defined transaction source and predefined transaction action     

Inventory Transaction

They are referred to as receiving items into your organization, issue items out of your organizations, Transfer items within organizations among different sub-inventory and transfer item between the organizations.

They fall in following broad categories: 

Receiving Transactions

• It is used primarily for receiving against supplier purchase orders. Transaction type is Receive into Stores

Miscellaneous Transactions

• Way of issuing material to or receiving material from areas such as research, testing accounting department and not from wip, inventory
• Used during initial implementation to define the on hand quantities of  items

Sub-inventory Transactions

• Way of moving material between 2 sub-inventories or locators within an organization
• Transaction is a single step process
• Such transactions cannot be tracked and usually performed after the material is physically moved

Move Orders

• Way of requesting, sourcing and transferring material within an organization 
• Such transaction can be tracked using move order no. unlike subinventory transfer
• 3 step process: Move order requisition, sourcing and transaction

Inter-Organization Transfers

• Way to transfer material between inventory organizations within an operating unit. It can transfer more than one item in single transaction, the only condition is that the item must exist in both the organizations although the attributes and inventory controls setting can be different for the item in both the organization 

2 types: Direct shipment and intransit shipment

             Direct Shipment

• Movement of material immediately. Source and destination should be known at the time of transaction
• Also, you cannot do a transaction for item if the item is not under the revision/lot/serial control in the shipping organization and destination org requires it  

 Intransit Shipment

• Used for long distances
• Destination location need not be specified at the time of transaction. Only the source and freight infmn. is needed
• Can be performed for the item which are not under control in shipping organization but the destination org need the control. In this case, lot and serial control can be generated during receiving