Set up and work with inventory control in Dynamics 365 Supply Chain Management
This module explores inventory cost methodologies and their impact on value, profits, and price management. You learn about methods, such as FIFO, LIFO, weighted average, standard cost, and their effects on inventory valuation and financial reporting. Additionally, you learn about the inventory close process, its role in settling transactions, and its impact on the general ledger. Then, you examine inventory recalculation, adjustments, and archiving for optimized storage and performance efficiency.
Learning objectives
This module explains the following concepts:
- Costing methods
- Inventory closing and adjustments
- How to archive inventory transactions
Prerequisites
- General knowledge of supply chain processes and inventory management
- Ability to navigate in Supply Chain Management and perform basics tasks