Top 20 Oracle Fusion SCM interview questions on inventory and Order management?
What is Oracle Fusion SCM, and how does it integrate with Inventory and Order Management?
Oracle Fusion SCM is a comprehensive suite that helps manage supply chain operations, including inventory, procurement, order management, and logistics. It integrates inventory and order management by synchronizing order fulfilment processes with inventory levels, ensuring real-time updates and accurate order processing.
Can you explain the key features of Oracle Fusion Inventory Management?
Key features include:
Inventory Tracking: Real-time visibility into stock levels.
Lot and Serial Number Management: Detailed tracking of inventory.
Replenishment Planning: Automates stock replenishment based on demand.
Cycle Counting: Ensures inventory accuracy through periodic counts.
What are the primary functions of Oracle Fusion Order Management?
Order Capture: Centralized order entry system.
Orchestration: Automates and manages order fulfilment steps.
Pricing and Promotions: Supports complex pricing models.
Fulfilment Monitoring: Tracks order statuses in real-time.
How does Oracle Fusion SCM support multi-channel order management?
Oracle Fusion SCM integrates data from various sales channels, such as e-commerce, retail stores, and direct sales, into a unified system. This enables a seamless order capture and fulfilment process across multiple channels.
What is the role of Inventory Organizations in Oracle Fusion SCM?
Inventory organizations represent distinct physical or logical locations where inventory is stored. They help define supply chain structures and facilitate efficient inventory tracking and reporting.
Describe the Oracle Fusion SCM Order Orchestration concept?
Order orchestration involves automating and managing the sequence of tasks required to fulfil a sales order. It ensures the timely execution of processes such as sourcing, shipping, and invoicing.
How do you manage inventory replenishment in Oracle Fusion SCM?
Inventory replenishment is managed through:
Min-Max Planning: Defines minimum and maximum stock levels.
Reorder Point Planning: Triggers purchase orders when the stock reaches a predefined level.
Forecast-Based Planning: Uses historical data to predict future demand.
What are the different types of orders held in Order Management?
Payment Holds: For pending payment verification.
Credit Check Holds: Based on the customer's credit limit.
Manual Holds: Applied by users for specific reasons.
How does Oracle Fusion SCM handle backorders?
Backorders are managed through automated notifications and replenishment triggers. The system ensures that backorders are prioritized for fulfilment as soon as stock becomes available.
What are the benefits of using Oracle Fusion SCM's Order Management Cloud?
Real-Time Visibility: Tracks order statuses instantly.
Flexibility: Supports complex order fulfilment processes.
Scalability: Adapts to growing business needs.
Integration: Seamlessly connects with other Fusion modules like Financials and Procurement.
How is a sales order created and processed in Oracle Fusion SCM?
Order Entry: Capture order details manually or via integration.
Validation: Check customer information and product availability.
Fulfillment: Trigger tasks like picking, packing, and shipping.
Billing: Generate invoices and update financials.
What are the key reports available in Inventory Management?
Inventory Valuation Report: Tracks the value of inventory.
Cycle Count Report: Summarizes count discrepancies.
Replenishment Report: Highlights items needing restocking.
Ageing Report: This shows the age of inventory items.
How does Oracle Fusion SCM support demand forecasting?
Oracle Fusion SCM uses advanced analytics and historical data to predict future demand patterns. This helps optimize inventory levels and reduce stock outs or overstock situations.
What is the purpose of Inventory Reservations in Oracle Fusion SCM?
Inventory reservations allocate stock to specific sales orders, ensuring availability for fulfilment and preventing stock from being used for other purposes.
How is data security managed in Inventory and Order Management?
Data security is managed through role-based access control (RBAC), allowing users to perform only the actions permitted by their assigned roles.
What are the steps involved in managing returns (RMA) in Oracle Fusion SCM?
Create RMA: Record return request.
Receive Items: Verify returned items.
Inspect: Ensure items meet return criteria.
Refund or Replace: Process refunds or replacements.
How does Oracle Fusion SCM handle intercompany transactions?
Intercompany transactions are managed through automated workflows that handle order processing, invoicing, and financial settlements across different business entities.
What is the role of ATP (Available-to-Promise) in Order Management?
ATP determines product availability based on current inventory, incoming supplies, and demand forecasts, ensuring accurate delivery commitments.
Explain the difference between Inventory Transfers and Subinventory Transfers.
Inventory Transfers: Move stock between inventory organizations.
Subinventory Transfers: Move stock within the same inventory organization.
How can Oracle Fusion SCM improve order accuracy and fulfilment rates?
Oracle Fusion SCM improves accuracy and fulfilment rates by providing real-time inventory updates, automating order processing workflows, and integrating with other modules like Procurement and Logistics.
Conclusion
Mastering these questions on Order Management interview questions and Inventory Management interview questions will prepare you for Oracle Fusion SCM-related roles. Emphasize practical examples during interviews to showcase your expertise effectively.
