Inventory in the Field and Remote Warehouses: Valuation is Vital

Field Service Inventory Valuation

Field Operations Enterprises often have inventory spread across wide geographical areas, in remote warehouses, on service vehicles and even in the process of being installed. An accurate depiction of what you have (and where it) is becomes vital to accurate financials. One of the key areas to manage is Inventory Valuation. Whether your valuation method…

Read More

Preparing and Running Inventory Closing in Microsoft Dynamics AX 2012 R3

close procedure check cost prices dynamics ax

The inventory close process for Microsoft Dynamics AX 2012 (AX 2012) is run periodically for all inventory valuation methods (I.e. FIFO, FEFO, Weight average, LIFO) except standard.  The inventory close process settles issue transaction to the appropriate receipt transactions based on the inventory value method selected for the item.  Until inventory close or inventory recalculation…

Read More