To define ABC assignments:
Navigate
to the Assign ABC Items window, or navigate to the ABC Assignment Groups window
and choose the Assign Items button.
Assign items to ABC classes within a group:
We can assign and update ABC classes to an ABC assignment
group where an ABC compile was also entered. From the ABC Descending Value
Report you determine the cutoff points for assigning ABC classes. You can then
use the classifications for other purposes such as determining how often you
cycle count a given item.
Specify the cutoff point for each ABC class.
Each ABC class must have at least one item assigned to it, and all items in the
ABC compile must be assigned to an ABC class. You can use any of the following
fields to determine the cutoff points:
Seq: You can enter the sequence number from the ABC
Descending Value Report for the last item to be included in each ABC class.
Oracle Inventory automatically calculates this value if you choose to assign
classes by another method. Oracle Inventory displays the last sequence number
as the default for the last class.
Inventory Value: You can enter the cumulative value from the
ABC Descending Value Report for the last item to include in each ABC class.
Oracle Inventory automatically calculates the maximum value. This maximum value
is restricted to the total inventory value compiled and is displayed in the
Total Compile Value field. Oracle Inventory displays the total inventory value
as the default for the last class.
% Items: You can enter the percent of number of items
compiled from the ABC Descending Value Report to include in each class. Oracle
Inventory automatically calculates this value if you choose to assign classes
by another method.
% Value: You can enter the percent of total compile value
from the ABC Descending Value Report to include in each class. Oracle Inventory
automatically calculates this value if you choose to assign classes by another
method.
Attention:
It is possible to have several items in the ABC compile with zero value. If any
item with zero value is in a class other than the last class, you may only
assign items using the sequence number or item percent. For the Inventory
Value, % Item, and % Value fields, if the value entered does not exactly match
any item, Oracle Inventory chooses the first item with a value greater than the
value entered.
Assign button: Choose the Assign button to launch the
concurrent request to assign the items to the classes in the ABC group.
Updating ABC Item Assignments:
If we are
not satisfied with the class into which an item falls as a result of the
automatic ABC assignment process, you can change it. For example, assume you
compiled your ABC analysis based on historical usage value. You have a
relatively new item in your inventory that was ranked toward the bottom of your
ABC Descending Value Report since it has very little transaction history on
record. Therefore, after the assignment process, this item was assigned to a
class of low rank. However, you know that in the future, this item will have a
high usage value and should really be classified as a high rank item. You use
the Update ABC Assignments form to reclassify this item to now be a high rank
item. Navigation: ABC Codes ->Update Item Assignment
Note:
Whenever you recompile an ABC analysis or change the method by which you assign
your ABC classifications, you lose any changes you might have made to your item
assignments. All items are reclassified based on their new ranks in the ABC
Descending Value Report and the method you choose to determine cutoff points.
You can
also update an ABC group to include those items that were not a part of the
initial ABC compile. This allows you to expand the scope of your existing ABC
compiles without having to rerun any processes. For example, if you start
stocking a new item in your inventory, you can make it a part of your existing
ABC groupings through the update process. Otherwise, you would have to start
all over by recompiling your ABC analysis and reassigning your items to ABC
classes. With the whole process starting from the very beginning, you also run
the risk of losing any changes you might have made to your item assignments.
Purging ABC Information:
Purging an
ABC group deletes all item assignments to ABC classes for the assignment group
you specify, as well as the ABC group itself. Purging an ABC compile deletes
all item values and rankings for the ABC compile you specify, as well as the
ABC compile itself. You can purge an ABC compile if no ABC groups are using it. Navigation: ABC Codes > ABC Compiles > query for MI ABC Compile > Tools > Purge Compile.
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