Question
Please help create a process diagram: In December, prior to conducting the year-end count, the Director of Global Logistics ensures that all Oracle inventory transactions
Please help create a process diagram:
In December, prior to conducting the year-end count, the Director of Global Logistics ensures that all Oracle inventory transactions are completed. During the annual physical count, no inventory movement is allowed. The physical count is conducted based on the Oracle Stock Count schedule which includes all inventory classification (A, B and C). The count applies a wall-to-wall blind count technique where the count teams (include one person in charge of counting the items and another person in charge of recording the counts in the scanner) count all inventories included in the Stock Count schedule. After the count is completed, the manager/supervisor runs a variance report to identify the differences between the count vs. the Oracle general ledger balance. Based on the variance report, if theres a difference, recount is to be performed. The final count variances are approved and recorded following the process outlined in the cycle count process.
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