Best Practices in Inventory Management

While Oracle EBS is developed on the top Industry Practices and standards like APICS, it is quite important for business to adopt and make use of the Application in the most effective manner. Below are some of the best practices for successful

1. Identify the well trained responsible person for inventory management. For that user define the responsibilities with the previliges to perform all key and relevant transactions in EBS

2. Please set the right re-order levels and keep revisiting them: Oracle Inventory supports the inventory planning based on re-order level and the order methods like Fixed order quantity or Economic Order Quantity. However the best results come when you set the proper re-order levels. By experience you know you may not be right first time when you set the re-order level. You will analyze the trend of consumption and other parameters like seasonality and stablize the re-order level.