slide3-oracleinventorycostmanagementcloudrelease.docVIP

Slide 3 - Oracle Inventory Cost Management Cloud Release 11 Fusion Landed Cost Management Enhancements Slide notes Hello, my name is Venkat. Welcome to training for Release 11. In this session we will talk what’s coming in Oracle Fusion Landed Cost Management. Notes Slide 4 - Agenda Slide notes For the enhancements covered in this training, we’ll give an overview, followed by more detail to explain how you can use them, and what business value they bring. Then, we’ll walk you through a demonstration. Next, we’ll explain what you need to consider before enabling these features in your business, and what you need to know to set them up. Notes Slide 5 - Enhancements Overview Slide notes Fusion Landed Cost Management (LCM) gives organizations financial visibility into their extended supply chain costs, including transportation and handling fees, insurance, duties, and taxes. Since these types of charges can compose a significant portion of an items cost, it is important to accurately incorporate them into overall financial processes and decision making activities. Fusion LCM initially estimates these costs and later updates them with actual amounts as they become known, allocating them to Purchase order receipts. The landed cost eventually becomes a part of item cost and gets absorbed into Inventory. Notes Slide 6 - Enhancements Overview Slide notes Landed Cost management provides buy item unit cost view which includes the purchase order price and landed cost charges. Charges from landed cost management are absorbed as part of Item cost in Fusion Cost Management. Once the goods are delivered to inventory, the landed cost charges are absorbed into inventory valuation. Fusion Landed Cost management has multiple touch points to other applications, as illustrated here. It gets all the material PO information from Fusion Purchasing. All of the receipt information flows from Fusion Receipt Accounting