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How to Account for Transit Loss During Intercompany Transfer Order Receiving?

Summary:

I have a business requirement related to transit loss during receiving of an Intercompany Transfer Order and would appreciate guidance on the standard Oracle Fusion approach.

Business Scenario:

  • An Intercompany Transfer Order is created for 10 MT of Ethanol.
  • The shipment is created and 10 MT is ship-confirmed.
  • During transportation, 1 MT is lost due to transit loss/leakage.
  • At the destination, the actual quantity received is therefore only 9 MT.
  • We want to record the actual receipt as 9 MT and separately account for the 1 MT transit loss.
  • After recording the loss, the remaining 1 MT should be cleared from in-transit inventory and the

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