Physical Inventory Adjustments Make Zero Qty For Both Missing & Voided Tag Items Having On-Hand Qty
(Doc ID 1126288.1)
Last updated on JULY 08, 2020
Applies to:Oracle Inventory Management - Version 12.0.6 and later
Information in this document applies to any platform.
Physical Inventory Adjustments make Zero Quantity for both Missing and Voided tag items having on-hand quantity which is not desirable by the business. Both the missing and voided tag items on-hand quantity should not be adjusted to zero quantity and the available on-hand quantity is to remain same after the approval adjustment.
Mainly the Voided tag items should not be adjusted to Zero quantity, quantity should remain same as snap shot quantity. User is checking this check box by considering that he does not want to include that tag as a part of adjustment and system stock should remain same against that tag number after making adjustment.
Inventory User Guide:
It is important for auditing purposes to track the status of each physical inventory tag. Therefore, if you do not use one or more of the tags Oracle Inventory generates, you should void them in the Physical Inventory Tag Counts window. A voided tag is not reported as a missing tag in the Physical Inventory Missing Tag Listing. If you generated a certain number of blank tags at the beginning of your physical
inventory, and ended up not using all of them, you would void the unused tags. When you run the Physical Inventory Missing Tag Listing for the whole range of tags you initially generated, the unused ones are accounted for and appear as missing tags. If you void a default tag, (i.e. a tag that identifies a stock-keeping unit for which there is system on-hand quantity), Oracle Inventory adjusts the quantity in that location to zero. This indicates that you did not use the tag in question, presumably because the stock-keeping unit corresponding to the tag did not exist.
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