RESPONSIBILITY
1.Product Development Security Manager
2.Formulator
3.Process Engineer
4.OPM Financials
5.Production Supervisor
SETUPS
TRANSACTION FLOW
1. Batch Creation and Transaction Process Flow
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1. Inventory Organization Creation
2. Sub Inventory Creation
3. Locator Creation
4. Item Creation
5. UOM Conversion
6. OPM Organization Parameter Definition
7. Cost Type
8. Cost Calendar
9. Cost Component Class
10. Fiscal Policies
11. Cost Analysis Codes
12. Define Generic Resources
13. Define Plant Resources
14. Define Activities
15. Define Operations
16. Define Routing
17. Define Formula
18. Define Receipe
19. Process Execution Parameter Setup
20. Lot Cost Items
21. Subledger Accounting Setups
2. Sub Inventory Creation
3. Locator Creation
4. Item Creation
5. UOM Conversion
6. OPM Organization Parameter Definition
7. Cost Type
8. Cost Calendar
9. Cost Component Class
10. Fiscal Policies
11. Cost Analysis Codes
12. Define Generic Resources
13. Define Plant Resources
14. Define Activities
15. Define Operations
16. Define Routing
17. Define Formula
18. Define Receipe
19. Process Execution Parameter Setup
20. Lot Cost Items
21. Subledger Accounting Setups
22. Expense Allocation-Code,Method,Allocate (Optional)
23. Cost Organization (Optional)
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Month End Closing Concurrent List - COGS Recognition Process
1.Record Order Management Transactions
2.Collect Revenue Recognition Information
3.Generate COGS Recognition Events
Month End Closing Concurrent List - Item Cost
4.GMF Period Close Process for Process Organizations
5.India - Program to Update OPM Cost
6.GMF Recreate Batch / Period Layers
7.OPM Cost Allocation Process
8.Actual Cost Process- For Actual Costing
9. Lot Cost Process - For Lot Costing
10.Cost Update
Month End Closing Concurrent List- Accounting
11. Accounting Pre Processor
12. Create Accounting
1. Batch Creation and Transaction Process Flow
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RESPONSIBILITY
1.Product Development Security Manager
5.Production Supervisor
SETUPS
An Inventory organization is the facility to store and transact item. The organization must define at least one inventory organization and one sub inventory. You can define more than one inventory organization associated with one or more sub inventories...more
2. Sub Inventory Creation
Subinventories are unique physical or logical separations of material inventory,such as raw inventory,finished goods, or defective material. All material within an organization is held in a sub inventory therefore,you must define at least one sub inventory...more
3. Locator Creation
Locator are used to divide sub-inventories into ROWs,BINs and Racks to identify the items where exactly located in the inventory. We can use stock locator flex field to configure the number of segments required for locators ( By default 2 segments and max is 7 segments)..more
4. Item Creation
Oracle Inventory provides us with the functionality to create items. Sets of attributes are assigned to an item. The attributes define the characteristics of the item. A group of attributes values define a template, and a template can be assigned to an item to automatically define the set of attribute values....more
5. Unit of Measure Conversions
Unit of measure conversions are numerical factors that enable you to perform transactions in units other than the primary unit of the item being transacted. You can define :
a conversion common to any item (Standard)
a conversion for a specific item within a unit of measure class ( Intra-Class)
a conversion for a specific item between unit of measure classes ( Inter -Class)
Unit of measure conversions are not organization-specific.
You must define a conversion between a non -base unit of measure and the base unit of measure before you can assign the non -base unit of measure to an item ..more
6. Organization Parameters
Set up Oracle Process Manufacturing (OPM) Product Development parameters in the Product Development Security Manager responsibility. You can set up parameters for new organizations, or query and modify parameters for existing organizations. Parameter values can vary by organization.
These parameters control various functions in the Product Development application. For example, if version control for formulas is enabled for organization PR1, then at the point of saving a formula, the application checks the formula organization to determine whether or not to apply version control rules. Organization PR2 can have a different setting for formula version control...more
These parameters control various functions in the Product Development application. For example, if version control for formulas is enabled for organization PR1, then at the point of saving a formula, the application checks the formula organization to determine whether or not to apply version control rules. Organization PR2 can have a different setting for formula version control...more
7.Cost Type
OPM Costing supports different Cost Types that can be used to monitor and analyze costs. It has the ability to store cost of a single item in multiple cost types at any given point of time, though only one is used for inventory valuation in OPM Subledger...more
8.Cost Calendar
You maintain costs by defining the costing calendars. A cost calendar can be shared across multiple cost types and legal entities. A cost calendar can span multiple years. For each costing calendar, you can define an unlimited number of costing periods. Each period is assigned a period status to indicate costing activity that is permitted...more
9. Cost Component Class
The unit cost of an item is usually broken down into several buckets that can be attributed to the various sources that form the basis of the cost, for detailed tracking and analysis purposes.Cost Component Classes are used to identify the individual buckets or component costs that make up the total cost, for example, direct material costs, freight costs, labor costs, production or conversion costs and so on.Any number of cost component classes can be defined and used to break down the item costs.The cost component classes are classified into 5 different elements or usages: Material, Resource, Overhead, Expense Allocation and Standard Cost Adjustment types.Costs from several ingredients, routings, overheads, and allocations can be summarized into one or more component classes...more
10. Fiscal Policies
The Fiscal Policy options define the Legal Entity-wide parameters that determine the cost type that will be used for inventory valuation, the default material and overhead cost components and analysis codes for actual cost processing, additional cost types used for costing simulations...more
11.Cost Analysis Codes
An individual component cost identified by a cost component class can be further broken down using cost analysis codes for more granular tracking of costs. The cost analysis codes are used to group component costs from multiple cost component class types to provide an alternate view of the total cost. For example, you can define direct or indirect analysis codes for each cost component..more
12. Define Generic Resources
13. Define Plant Resources
A resource may operate at a different capacity at one production inventory organization than it does at another.For scheduling, the resource must be defined at the inventory organization. If the resource is not enabled at the inventory organization, then it is assumed that the resource does not exist there.
Use the Resource Information window to enter inventory organization specific information regarding each resource. This information includes costing information, resource usage unit of measure. Capacity Planning references this information to determine the availability of resources in each specific inventory organization (organization). Creating a resource here enables them for scheduling and planning. Also, you can define process parameter values specifically for inventory organizations...more
14. Define Activities
Activities are actions performed during production. For example, mixing and cooling are activities. Set up activities to divide a manufacturing process into logical breakpoints. You can improve working methods and reduce time by analyzing and refining the granularity of activities, to complete activities performed in operations in the shortest possible time with the least effort to deliver the appropriate level of quality.
15. Define Operations
Activity Factor simplifies data entry of the same activity several times by defining the specific number of times an activity is performed during an operation. Activity factor is taken into consideration for planning and resource calculation purposes. Display the Operation Activity window to link resources to a single activity. Go to the Operation Activity Line Edit window to edit individual activity lines.
16. Define Routing
17. Define Formula
Formulas are the Composition of the Items given as Input and the Items coming out of a batch.The Formula in OPM allows By Product Recovery as well as Co- Product Recovery.Thus the Formula Contains the End Product and the quantity produced, the Ingredients and their quantity required to produce the quantity of the finished goods, and also the quantity of By Products or Co-Products recovered, if any..more
19. Process Execution Parameter Setup
20. Lot Cost Items
If an item has to be costed by lot or if all items that belong to an item cost category need to be costed by lot, then enter the appropriate item or item cost category.
Only lot-controlled items are available here. If an item cost category is entered, then all items that are lot-controlled and belong to the item cost category are used for lot costing....more
21. Sub ledger Accounting Setups
22. Batch Creation & Transaction Process Flow
Creating Batches Create a batch by: Converting from a requirement in the planning application that interfaces to OPM Process Execution. Converting from a firm planned order.Entering the batch directly on the Create Batch/Firm Planned Order window...more
COGS Recognition Process
Record Order Management TransactionsCollect Revenue Recognition InformationGenerate COGS Recognition Events
Item Cost
9. Cost Component Class
The unit cost of an item is usually broken down into several buckets that can be attributed to the various sources that form the basis of the cost, for detailed tracking and analysis purposes.Cost Component Classes are used to identify the individual buckets or component costs that make up the total cost, for example, direct material costs, freight costs, labor costs, production or conversion costs and so on.Any number of cost component classes can be defined and used to break down the item costs.The cost component classes are classified into 5 different elements or usages: Material, Resource, Overhead, Expense Allocation and Standard Cost Adjustment types.Costs from several ingredients, routings, overheads, and allocations can be summarized into one or more component classes...more
10. Fiscal Policies
The Fiscal Policy options define the Legal Entity-wide parameters that determine the cost type that will be used for inventory valuation, the default material and overhead cost components and analysis codes for actual cost processing, additional cost types used for costing simulations...more
11.Cost Analysis Codes
An individual component cost identified by a cost component class can be further broken down using cost analysis codes for more granular tracking of costs. The cost analysis codes are used to group component costs from multiple cost component class types to provide an alternate view of the total cost. For example, you can define direct or indirect analysis codes for each cost component..more
An individual component cost identified by a cost component class can be further broken down using cost analysis codes for more granular tracking of costs. The cost analysis codes are used to group component costs from multiple cost component class types to provide an alternate view of the total cost. For example, you can define direct or indirect analysis codes for each cost component..more
12. Define Generic Resources
Resources are the assets you use to produce batches, including production equipment and employee labor. You can define each resource generally (for example, OVENS) or specifically (for example, OVEN 1, OVEN 2). For each resource, you must assign a component classification code for costing purposes. You can optionally group resources into resource classifications. For example, Ovens and Stoves may be grouped into Cooking Units..more
13. Define Plant Resources
A resource may operate at a different capacity at one production inventory organization than it does at another.For scheduling, the resource must be defined at the inventory organization. If the resource is not enabled at the inventory organization, then it is assumed that the resource does not exist there.
Use the Resource Information window to enter inventory organization specific information regarding each resource. This information includes costing information, resource usage unit of measure. Capacity Planning references this information to determine the availability of resources in each specific inventory organization (organization). Creating a resource here enables them for scheduling and planning. Also, you can define process parameter values specifically for inventory organizations...more
14. Define Activities
Activities are actions performed during production. For example, mixing and cooling are activities. Set up activities to divide a manufacturing process into logical breakpoints. You can improve working methods and reduce time by analyzing and refining the granularity of activities, to complete activities performed in operations in the shortest possible time with the least effort to deliver the appropriate level of quality.
Cost analysis codes are assigned to activities so that proper cost calculations are computed. You need to set up cost analysis codes to define activities.
15. Define Operations
Operations are a combination of activities performed in a production batch and the resources used to perform those activities. The Process Operation Details Activities window links operations to activities. Use the Activity Factor and activity-resource association to enter an activity several times within an operation.
Activity Factor simplifies data entry of the same activity several times by defining the specific number of times an activity is performed during an operation. Activity factor is taken into consideration for planning and resource calculation purposes. Display the Operation Activity window to link resources to a single activity. Go to the Operation Activity Line Edit window to edit individual activity lines.
16. Define Routing
17. Define Formula
Formulas are the Composition of the Items given as Input and the Items coming out of a batch.The Formula in OPM allows By Product Recovery as well as Co- Product Recovery.Thus the Formula Contains the End Product and the quantity produced, the Ingredients and their quantity required to produce the quantity of the finished goods, and also the quantity of By Products or Co-Products recovered, if any..more
19. Process Execution Parameter Setup
The Oracle Process Manufacturing (OPM) Process Execution parameters are defined at the organization level. The OPM Product Development and Oracle Inventory Organization Parameters must be defined to set up OPM Process Execution parameters...more
20. Lot Cost Items
If an item has to be costed by lot or if all items that belong to an item cost category need to be costed by lot, then enter the appropriate item or item cost category.
Only lot-controlled items are available here. If an item cost category is entered, then all items that are lot-controlled and belong to the item cost category are used for lot costing....more
21. Sub ledger Accounting Setups
Sub-Ledger is an intermediary set of accounts linked to the general ledger. A subledger is a ledger containing all of a detailed sub-set of transactions. The total of the transactions in the subledger roll up into the general ledger. For example, a subledger may contain all accounts receivable, or accounts payable, or fixed asset transactions...more
22. Batch Creation & Transaction Process Flow
Creating Batches Create a batch by: Converting from a requirement in the planning application that interfaces to OPM Process Execution. Converting from a firm planned order.Entering the batch directly on the Create Batch/Firm Planned Order window...more
COGS Recognition Process
Record Order Management Transactions
Collect Revenue Recognition Information
Generate COGS Recognition Events
Item Cost
GMF Period Close Process for Process Organizations- It will Close Inventory PeriodsIndia - Program to Update OPM CostGMF Recreate Batch / Period Layers- It will Update Resources Cost to Final ProductOPM Cost Allocation Process- Run to get the expense allocated cost to product FG.Actual Cost Process- To get Item CostLot Cost Process - Lot CostCost Update
24. Accounting Pre Processor
Run the concurrent and submit to get the accounting events....more
25. Create Accounting
GMF Period Close Process for Process Organizations- It will Close Inventory Periods
India - Program to Update OPM Cost
GMF Recreate Batch / Period Layers- It will Update Resources Cost to Final Product
OPM Cost Allocation Process- Run to get the expense allocated cost to product FG.
Actual Cost Process- To get Item Cost
Lot Cost Process - Lot Cost
Cost Update
24. Accounting Pre Processor
Run the concurrent and submit to get the accounting events....more
25. Create Accounting
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