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Ax2009 Enus TL1 01
Ax2009 Enus TL1 01
Introduction
Introduction to Trade and Logistics provides an overview of Microsoft Dynamics AX 2009 features in Trade and Logistics, which is the flow of purchase orders, sales orders and inventory throughout a company.
Microsoft Official Training Materials for Microsoft Dynamics Your use of this content is subject to your current services agreement
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Specifically, logistics helps companies meet customer requirements. Inventory is the material and supplies a business carries either for sale or to provide input in the production process. Inventory consists of many different items held by the company, which can include: Raw materials and supplies Goods in production Sub assemblies Finished goods ready for sale
Inventory management is planning and controlling inventory from the raw material stage to the customer. Companies must consider inventory at every planning level. Companies can manage inventory at both the aggregate level and the item level. A company's management team must establish decisive rules about inventory items including consideration of the following: The most important items to keep in inventory The control of items through a company The quantity of inventory to be ordered The timing of when an item should be ordered
Microsoft Dynamics AX manages the cost and quantities of the items bought and sold. Regardless of whether a company is a retail business with merchandise inventory or a manufacturing company with finished goods, materials, and work in process, the system provides inventory from two standpoints: Physical and Financial.
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Microsoft Official Training Materials for Microsoft Dynamics Your use of this content is subject to your current services agreement
Physical Inventory
Physical inventory is the physical movement, status and control of items throughout the supply chain in a company. Specific features can help companies control these items. These features include: Inventory tracking Master planning Automatic ordering Reservations Inventory transactions Quality management
Inventory Tracking Inventory tracking tracks inventory items by using: Item ID Lot ID Configuration specifications, which can consist of the following individual identifiers: o o o o o o o o o Size Color Configuration Warehouse Site Batch number Location Pallet ID Serial number
Master Planning Master planning calculates what is necessary to fill an order when it is received. Master planning is covered in the Microsoft Dynamics AX 2009 Master Planning course. Automated Ordering After calculating what is needed to fill an order, Microsoft Dynamics AX 2009 in cases of insufficient inventory - will automatically create production and purchase order proposals to complete a customer request.
Microsoft Official Training Materials for Microsoft Dynamics Your use of this content is subject to your current services agreement
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Financial Inventory
Financial inventory is the financial value of a company's inventory. Specific features can help companies keep track of the financial value. These features include: Inventory value ABC Classifications Forecasting
Inventory Value When companies use the most current information from all related modules in the system, they can calculate inventory value at any time. Inventory costing and evaluation is covered in the Microsoft Dynamics AX 2009 Inventory Costing and Valuation course. ABC Classifications Companies can analyze which items are the most profitable from a sales perspective, and consider the carrying costs (how long inventory remains in stock and other factors) of the item(s) in inventory. Forecasting Based on the calculations that Microsoft Dynamics AX 2009 performs, companies can produce sales and purchasing forecasts. Companies can project future sales by using the statistics on quantities sold and the company's own estimates. From purchasing trends, a company can estimate its budget.
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Microsoft Official Training Materials for Microsoft Dynamics Your use of this content is subject to your current services agreement
Microsoft Official Training Materials for Microsoft Dynamics Your use of this content is subject to your current services agreement
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Information Flow
The Inventory management module is linked to related modules to provide an efficient flow of information through Microsoft Dynamics AX 2009. The information flow matches the inventory flow and provides lots of information about the financial aspect of the process. Ledger transactions and Inventory transactions are the backbones of Logistics. Inventory information is linked to the following: Accounts Receivable Accounts Payable Master Planning Production Product Builder Human Resources Projects General Ledger
The Main form in Inventory is the Items form. It contains information about the company's goods, services, and bills of material. Similarly, the Accounts receivable, Accounts payable, and Master planning modules also use the information that is stored in the Items form.
Summary
The Introduction to Trade and Logistics course reviewed the following: Concepts of Trade and Logistics, in addition to Inventory Management Feature set of Microsoft Dynamics AX 2009 within the Trade and Logistics area Information flow of Inventory Management in Microsoft Dynamics AX 2009
The features within the Trade and Logistics area of Microsoft Dynamics AX 2009 will help companies keep track of the flow of purchase orders, sales orders and inventory across all distribution and production sites; both physically and financially.
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Microsoft Official Training Materials for Microsoft Dynamics Your use of this content is subject to your current services agreement
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Microsoft Official Training Materials for Microsoft Dynamics Your use of this content is subject to your current services agreement
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Microsoft Official Training Materials for Microsoft Dynamics Your use of this content is subject to your current services agreement