Posts Tagged ‘Inventory Management’
Inventory in the Field and Remote Warehouses: Valuation is Vital
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 Full PostHow Plastics Manufacturers Add Customer Service Value Using Consignment Inventory
It is not unusual for Plastics Manufacturers to offer a Consignment Inventory model as a value added service to customers. Whether it’s due to the: • Tight collaboration necessary in the Supply Chain required by industries like automotive, • Volatile demand in your customer’s industry, • Financial needs of new customers related cash flow or…
Read Full PostThe Importance of Visible & Accurate Inventory Valuation in Plastics Manufacturing
One of the key areas to manage is Inventory Valuation. Whether you make molds, extruded sheets or films, bags or other plastic goods, and whether your valuation method is FIFO, LIFO, FEFO or some average or weighted cost, the system must value your inventory according to your business environment and needs. The process must be…
Read Full PostDynamics AX/Dynamics 365 for Operations Negative Warehouse Inventory
The topic of Negative Inventory has been one of those “chicken or the egg” conversations for a long time. At first blush the answer may seem easy! But as the “what if” scenarios are brought up, the answer becomes a tangled web. Staunch process-base material managers typically say there is no need to ever allow…
Read Full PostManaging Product Returns in Plastics Manufacturing using Dynamics 365 for Operations
Returns are a fact of life in Plastics Manufacturing. Without an ERP in place returns are generally manually managed taking into consideration both the financial business rules and receiving process. Whether you manufacture sheets and films or molded plastic parts, Microsoft’s Dynamics 365 for Operations provides this by: Easily creating a Return Order Linking this…
Read Full PostHandling RMAs On Mobile Devices in Dynamics AX 2012 R3
Microsoft has done it again! Along with the delivery of Dynamics AX 2012 R3 and the numerous functionality bonuses, the use of RF devices to process Return Material Adjustments/Authorizations entered the scene. Once the system setup has been completed in AX 2012 R3, the RMA process on the RF device becomes a few easy scans…
Read Full PostMicrosoft Dynamics AX 2012 R3 CU12 Warehouse Mobile Device Updates
In November 2016, AX2012 R3 users were happy to receive cumulative update 12 (CU12) from Microsoft. It included numerous updates for additional functionality and bug fixes. As more and more companies adopt the use of RF scanners, we see Microsoft acknowledge the need for additional mobile device functionality with the solutions they issued in CU12.…
Read Full PostDynamics 365 Consignment Inventory Improvements
According to the Urban Dictionary, “Consignment” means “to give over to the care of another; entrust.” Looking for an easier way to manage Consignment Inventory? Dynamics 365 for Operations has the solution. With the addition of the “owner” inventory tracking dimension, Consignment inventory can now be set up and tracked from requirement to receipt, then…
Read Full PostThe Preamble to Return Orders in Dynamics 365 for Operations
How to create a return order Dynamics 365 for Operations supports the business case when a customer calls with a request to return goods. This blog shows how to do it through the use of a return order functionality in the Sales and marketing module. The original order is retrieved to create a return. We…
Read Full PostAll About FEFO in Dynamics 365
Many are familiar with the term, FIFO, or first in, first out. First Expired, First Out, or FEFO, is an inventory management and logistics methodology used when stocked products expire. The intent is to reserve and use the inventory to fulfill requirements using the shelf-life items with the earliest expiration date. FEFO is popular in the…
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