define the difference between cycle counting and physical
inventory?
- 7 Answers
- 39784 Views
- Excelacom, Infosys, Sun Microsystems, I also Faced
- E-Mail Answers
Answer Posted / santosh s. pandey
Cycle Count : Periodic counting of inventory items at
regular intervals
Physical Inventory : Counting is done once / twice a year
Cycle Count : We can schedule the count
Physical Inventory : We cannot schedule this.
Cycle Count : We cannot have a snap shot
Physical Inventory : We can have a snap shot
Cycle Count : We can view the qty in the system
Physical Inventory : We can not view the qty in system
Cycle Count : We cane select the items using ABC analysis.
Physical Inventory : It is done for all the items.
Cycle Count : We need not to freeze inventory transactions.
Physical Inventory : Need to freeze inventory transactions.
Cycle Count : Recount is possible
Physical Inventory : Recount is not possible.
Cycle Count : We can maintain recount history.
Physical Inventory : No recount, hence no history.
Cycle Count : Adjustments can be procesed on approval.
Physical Inventory : Can be done using adjustment concurrent
| Is This Answer Correct ? | 54 Yes | 1 No |
Post New Answer View All Answers
Hi Guys, I am looking for Oracle Apps SCM/Finance Functional Training in Bangalore. Please suggest me or Guide me
Do you have knowledge of Inter-Company Invoicing? If yes, explain the process.
Is it possible to create 5 levels of approval for sales order?
What are the different types of excise exemptions?
Oracle report builder 6i is view based then what about report builder 10g?
Can you pls provide the interview questions on oracle apps SCM.including ASCP module.
Have you handled SR and worked with Oracle for resolution of issues? If yes, how do you assign the priority while raising a SR?
In India Localization how are generating Excise and VAT Invoice number both shippable and non-shippable Sales Orders/Transactions.
Navigation to change the serial numbers from Shipping Transaction form.
What is the use of LC? How is it useful in export sales?
May i know some of the real time issues we face in oracle purchasing, inventory and Order Management.
What are the accounting behind consigned inventory in P2P?
What is the use of INV-Receipts and PO-Reciepts,Just give me the Differences&When,At what Instances to use Them...?
Please let me know the important Interview concepts to be learnt for PO,OM and INV Modules
In order management, how to reserve an item without booking?
