DOCUMENTATION
Material Management User Guide
Author:
Creation Date: November 30, 2004
Last Updated: January 23, 2008
Document Ref:
Version: 1
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Create New Item
An item is a part or service you purchase, sell, plan, manufacture, stock, distribute, or a prototype.
You can define and control items that you stock in inventory. Once defined, you assign items to
organizations.
Items Master Items
Enter new Item code
Enter item Description
Create New Item 1 of 13
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(M) Tools Copy From
Select Template (according to the Item type to be defined)
Press on the button Apply
Press on the button Done
Create New Item 2 of 13
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In the Main tabbed region
o In the Unit of Measure region
Select Primary unit of measure
Create New Item 3 of 13
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In the Inventory tabbed region
In the Lot Expiration (Shelf Life) region
o Control
If the Item is Lot Controlled, choose whether it has shelf life expiry
o Shelf Life Days
Enter the shelf life days for the Item
In the Lot region
o Control
Choose whether the item is Lot controlled or not
o Starting Prefix
Enter the starting prefix for the Lot number
o Starting Number
Enter the starting number for the Lot number
Create New Item 4 of 13
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In the Costing tabbed region
Cost of Goods Sold Account
For finished goods and trading items, select the cost of goods sold account if different than
default for the item
Create New Item 5 of 13
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In the Purchasing tabbed region
Enter an estimated price for the item List Price
Expense Account
If not inventory item, enter expense account if expense item or asset clearing account if asset
item
Create New Item 6 of 13
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In the General Planning tabbed region
Inventory Planning Method
Specify whether the item planned or not and select the planning type accordingly
If Min-max planning
o In the Min-Max Quantity region
Minimum
Set the minimum quantity which when reached the item should be replenished
Maximum
Set the maximum quantity that item can be replenished to
In the Order Quantity region
o Minimum
Enter the minimum order quantity
o Maximum
Enter the maximum order quantity
If Reorder Point planning
o In the Cost region
Order
Enter the cost associated with placing an order for any quantity
Carrying
Enter the percentage of the unit cost that represents your internal cost to stock
one unit for one year.
Create New Item 7 of 13
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In the Lead Times tabbed region
Preprocessing
Enter the number of days required to place an order
Processing
Enter the number of days required to procure or manufacture an item
Postprocessing
Enter the number of days required to receive a purchased item into inventory from the initial
supplier receipt.
Create New Item 8 of 13
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In the Invoicing tabbed region
Sales Account
For finished goods and trading items, enter the general ledger account Oracle Receivables uses
to record revenue when you bill the customer
Create New Item 9 of 13
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(M) Tools Categories
In the Category Assignment region
o Category
Update the default category for each line to the one to be assigned to the item
Create New Item 10 of 13
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(M) Tools Organization Assignment
Check Assigned check box to assign the item to the needed organizations
Save
Close forms
Create New Item 11 of 13
