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Retail Merchandising System (RMS) Business Essentials 15.0
Oracle RMS Business essentials online course provides broad view of the entire system and the RMs foundation. The Oracle RMS Business essentials online course intention is to gain understanding of the critical pieces of the RMS foundation which includes organization and merchandise hierarchies.
Learn Oracle Retail Merchandising System (RMS) from functional point of view.Understand how to manage inventory, replenishment, investment, ordering, purchase order distribution processes, and more.
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Course Objective
The Oracle RMS business essentials training is intended for the individuals who seek to implement their knowledge, skills and expand their career as Oracle RMS business developer. The dedicated mentors make sure the learners to cover all topics under Oracle RMS business essentials curriculum which will be useful for their career growth. Uplatz offers Oracle RMS business essentials to become a skilled Oracle RMS business developer job.
Course Description
Oracle RMS Business essentials course program will let the participants gain complete proficiency to access the RMS foundation.
The Oracle RMS Business essentials course is ideally developed for analysts and users who can make use of the RMS foundation for retailing purpose.
In the Oracle RMS Business essentials course, Uplatz provides an in-depth training for the participants or learners to make them understand the experience of developing core skills to gear up with the retail merchandising system.
The Oracle RMS Business essentials system is to offer important aspects of retail manufacturing and manage efficiently.
With the help of Oracle RMS Business essentials online course, the learners can:
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Set cost strategies.
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Create different form of contracts and handle simple, complex and fixed deals.
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Form and maintain transfers and bulk returns.
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Handle stock counts and stock ledger.
Uplatz provides an in-depth training to the learners to accelerate their knowledge and skill set required for Oracle RMS Business Developer.
Target Audience
The Oracle RMS Business essentials course is intended for the below mentioned target audience, still if you are a newbie and want to make a career as an Oracle RMS business developers then the Oracle RMS business course is the best option you can choose.
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Analyst
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End user
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Implementer
Retail Merchandising System (RMS) Business Essentials 15.0
RMS Overview
- Explain the Oracle Retail Footprint
- Applications in the MOM Suite
Navigation
- Navigate through the RMS Application and Forms
- Perform a Search for Information
- System Setup Help
- Use View Menu
Organizational Hierarchy
- Add a warehouse to the organizational hierarchy
- Describe the organizational hierarchy structure in base RMS
- Create a store
- Explain multichannel
- Explain the stores and warehouse workflow
- Set up a virtual warehouse as an internal finisher
- Add a virtual warehouse to the physical warehouse
- Assign a cost structure to the physical warehouse
Merchandise Hierarchy
- Identify the levels of the merchandise hierarchy
- Define the structure of the merchandise hierarchy
- Add a department, class and Subclass
- Identify merchandise hierarchy concepts
Suppliers
- Describe Electronic Data Interchange
- Create a Supplier
- Explain Return Requirements
- Define supplier workflow
- Describe Supplier Management
- Explain how to add an Item to a Supplier
- Describe Vendor Managed Inventory
- Identify Supplier Characteristics
Partners and Finishers
- Maintain and search for a partner
- Define transformation and packing
- Create a partner
- Explain work orders
- Explain what a partner is
- Describe internal and external finishers
- Define partner options
Value Added Tax
- Describe Inclusive and Exclusive VAT
- Differentiate between VAT and sales tax
- Explain Value Added Tax (VAT)
- Identify VAT regions
- Explain VAT rates
Differentiators
- Define item groups
- Define differentiators
Items
- Identify and describe the types of pack items
- Define Transformable Orderable and Sellable Items
- Define the various types of units of measure
- Create Level 1 and 2 items
- Explain Concession and Consignment Items
- Assign UDAs
- Add UDAs to RMS
- Explain the importance of transaction levels
Item Lists
- Rebuild an item list
- Explain possible uses of item lists
- Identify the item properties that can be used to group items
- Use an item list
- Describe additional item properties that can be used to group items
- Create an item list
- Identify item properties inherent to item setup that can be used to group item
Locations
- Explain possible uses of location lists
- Set Item Local Cost
- Create a Location List
- Establish Item/Location Relationships
- Edit Item Location Information
- Use a Location List
Custom Flex Attributes (CFAS)
- Attribute groups and Group sets
- Explain Attribute Types
- Custom Validation functions
Purchase Orders
- Explain PO level information
- Explain Open to Buy
- Explain the methods used to create a PO
- Explain PO types
- Explain Vendor Managed Inventory
- Describe the PO distribution process
Cost Management
- Explain costing methods
- Discuss cost changes
- Identify cost components
- Identify the types of item costs
Landed Costs
- Discuss the components of Landed Cost
- Explain the types of Landed Costs
- Identify the foundation data required for costing
- Explain Estimated Landed Cost
- Discuss costing strategies
Deals and Fixed Deals
- Explain Deal Thresholds
- Provide examples of deal structures
- Explain deal security
- Explain Discounts and Rebates
- Explain Deals and Rebates
- Explain the role of Suppliers and Partners
- Explain the deal application process
- Define Deals components
Contracts
- Explain Contract Functionality
- Describe Types of Contracts
- Explain Types of Orders
Transfers
- Create Manual Requisition with Finisher
- Identify available Transfer Types
- Create a Manual Requisition without finisher
- Describe Transfer Up charges
Shipping and Receiving
- Explain the shipping and receiving processes
- Explain ASN Inbound Messages
- Describe the shipping schedule process
- Describe Stock Order Exception Reconciliation
- Explain shipment of transfers
- Define the PO receiving process
- Explain ASN Outbound Messages
Shipping and Receiving
- Explain the shipping and receiving processes
- Explain ASN Inbound Messages
- Describe the shipping schedule process
- Describe Stock Order Exception Reconciliation
- Explain shipment of transfers
- Define the PO receiving process
- Explain ASN Outbound Messages
Franchise Management
- Explain Franchise Management
- Define Franchise Customer and Customer Groups
- Discuss Franchise deal Pass through and Templates
- Explain Franchise Stores
- Manage Franchise Orders
- Describe Franchise Inventory Management
Stock Ledger and Stock Counts
- Describe Stock Ledger Attributes
- Explain stock count request/scheduling
- Describe Stock Ledger Options
- Define Unit Only stock counts
- Describe physical counts
- Define Unit and Value stock counts
- Define Accounting Methods
- Explain Transaction Data
Replenishment
- Discuss the types of replenishment
- Explain the replenishment methods
- Discuss the system options used to configure replenishment
- Review the replenishment outputs
- Explain the replenishment outputs
- Explain the replenishment parameters
- Provide an overview of replenishment process
The Oracle certified RMS Business developer certification course with the help of expert professionals training is recognized across the globe. Because of the increased adoption of the RMS concepts in various companies the participants are able to find the job opportunity easily. The leading companies hire Oracle RCM business Developer considering the mastering of retail marketing strategies.The Oracle RMS business developer can pursue a wide range of career paths.
The following are the job titles:
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Business development manager
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Retail sales executive
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Business development executive
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Business development manager
The Oracle RMS business developer draws an average salary of $117,037 per year depending on the knowledge and hands-on experience. The Oracle RMS business developer job roles are in high demand and make a rewarding career.
Interview Questions
1. Define Seasons and Phases?
A season is a particular selling period during the year, and a Phase is a limited time period within a season. A season may have multiple phases. Seasons and phases are togther used in Replenishment. The items which is available on replenishment during the dates of the selected season and phase.
2. Should Phase Dates stay Within Season Dates?
The phase dates need not necessarily fit within season dates. This is due to the reasson that the items crossing seasons. RMS only uses Season and Phases as attributes such as create item lists and allows overlaps because there is no major functionality for seasons or phases.
3. Define Concession Items?
Concession Items refers to items that are not owned by the retailer but are captured for future use. The supplier rents a physical space from the retailer, and the retailer never owns the items.
4. Define Consignment Items?
Consignment Items refers to items that are purchased from the supplier only when the items are sold to a customer.
5. Is it necessary for Concession Items to Create Tran_data Records?
All the Merchandise Operations Management (MOM) products make sure that no inventory updates can happen for a concession item. These kind of validations are handled at the application level.
6. How Can Concession Items Create Tran_data Records For Inventory Transactions That Are associated into RMS?
The user can make use of scripts to manually generate these transactions enables to create such records. Because item type validation is conducted at the application level, RMS does not validate for the item type at the package level again from external system (RWMS/SIM). If external systems other than SIM/RWMS are implemented, ensure that these systems validate that no transactions are done on the concession items.
7. Define Sellable Complex Pack Item?
A sellable pack is a pack item that consists of multiple items that are sold as one item. These kind of items are generally sold as one unit as a benefit to the consumer, mostly in price savings. The strategy is to motivate the customer to purchase more.
8. What Are The Component Items needed For The Sellable Pack Item?
The pack can contain different items and multiple pack of the same item. Component items can come from varied departments. Also, component items come from multiple suppliers.
9. How Does Retail Merchandising System (rms) final The Retail Price Of The Sellable Pack Item?
The retail price is set based on the sum of the cost of the components plus the pack's department's markup.
10. Can the user Transfer A Sellable Pack Item?
The Sellable Pack cannot be transferred unless the pack is set up as both valuable and orderable form.
11. what is the procedure to track Inventory Of Sellable Pack Item?
Inventory is kept and monitored at the component item level. Pack "inventory" can be viewed when requested manually, but is not available in Retail Merchandising System (RMS). RMS allows users to view the inventory of Sellable Complex Pack Items through the Sellable Pack Build (packable) screen in the Inventory Menu.
12. How Will Retail Merchandising System (rms) set Discounts On Sellable Pack Items?
If the retail of the pack provides a discount, the discount is spread across the component items at the time of sale and highlighted as a markdown on the stock ledger. If the retail of the pack is greater than the sum of the retail of the components, the overage will be distributed across the component items at the time of sale.
