Steps for Inventory Close Period

Hello, Below the Requiered steps to Close Inventory Period Inventory/WIP 1. Complete All Transactions for the Period Being Closed. 2. Check Inventory and Work In Process Transaction Interfaces. 3. Check Oracle Order Management Transaction Process. 4. Review Inventory Transactions.
5. Balance the Perpetual Inventory. 6. Validate Work In Process Inventory. 7. Transfer Summary or Detail Transactions 8. Close the Current Oracle Payables and Oracle Purchasing Periods 9. Close the Current Inventory Period 10. Open the Next Inventory Period 11. Run Standard Period End Reports (Optional)

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Sameh Bakkar
Sameh Bakkar has over 15 years Oracle Applications implementation experience (EBS/Fusion) and he is an Oracle authorized trainer. He has in-depth technical and Functional knowledge of Oracle Applications and Oracle HCM Cloud. Sameh has excellent experience in Team management, Man Power and resource planning, and Pre-Sales management Process. Additionally he has also given Best Practices seminars on Oracle e-business suite and Oracle Fusion.

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