Understand the role of item registration during the pick process

Register serialized and batch inventory

Reverse and split a pick

Edit Item dimensions during picking

Manually reserve inventory

Set up automatic and explosion inventory reservation

Query, cancel, or change a reservation

Use the Marking functionality to link item issues to receipts

Create Vendor returns

Create Return actions

Create Customer credit notes

Set up, activate, and modify Customer and Vendor trade agreements

Understand Customer and Vendor Price/Discount groups

Set up and use Supplementary items

Understand the issues involved in inventory costing

Identify different inventory models and the effects these have on inventory valuation

Close inventory and perform inventory recalculations

Perform manual adjustments to transactions and on hand

Use inventory costing and adjustment reports

Understand the use of journals to make inventory adjustments

Understand how to use the Counting journal to support and adjust physical inventory counts

Use Tag Counting to count physical inventory

Create a transfer order

Use Release Transfer Order Picking to pick inventory for transfer orders

Ship and receive transfer orders

Set up sale commission based on percentage of revenue or contribution margin

Understand and view commission transactions created during Invoice updating a Sales order

General knowledge of Microsoft( Windows(

The ability to use Microsoft Dynamics AX 4.0 for basic processing

Completed Microsoft Dynamics AX 4.0 Trade & Logistics, Series 1

Knowledge of trade and logistics

Knowledge of inventory management concepts

Important Definitions

Understanding the Information Flow in Microsoft Dynamics AX

Understand the purpose of the Trade & Logistics Series 2 training course

Define Trade and Logistics, Inventory, and Inventory Management

Item Registration Setup

Automatic and Manual Registration of a Pick

Item Registration of Serialized and Batch Inventory

Editing, Reversing and Split Picks

Release Sales Order Picking

Set Up of Inventory Model Group

Pick items using a manual two-step pick

Use a manual two-step pick to pick and reserve serialized inventory

Reverse and edit a pick with batch numbers assigned

Reverse and split a pick with batch numbers assigned

Activate and pick lines attached to a sales order

Sort sales orders by their customer classification and allocate onhand inventory

Explain how the Inventory dimension group, the Inventory model group and the Accounts receivable parameters affect the Item registration setup.

Set up and process an automatic and a manual one-step and two-step registration of a pick.

Explain how to register serial and batch numbers during the picking process.

During the pick process, work with the transaction in the Pick form to edit, reverse and split picks.

Set up the Release sales order picking form.

Allocate on-hand inventory for sales order picking.

Reservations, Dimensions and Transactions

Reservation Parameters

Manual Reservations

Automatic Reservations

Explosion Reservations

View Reservations

Lock Reservations

Cancel Reservations

Batch Reservation

Picking Reserved items

Marking

Set up a manual reservation from a sales order line

Set up an automatic reservation

R Mark an item issue against an item receipt

Understand the three methods of reservations

Set up reservations

Manually reserve inventory

View or query a reservation

Cancel or change a reservation

Setup automatic and explosion reservations

Perform marking between item issues and receipts

Vendor Returns

Vendor Returns with Serialized Items

Customer Returns

Customer Serialized Returns

Create a vendor return by copying an original purchase order

Create a vendor return using the order type Returned Item

Create a customer return using a negative quantity on the sales order

Create a vendor or customer return using a Negative quantity, the Create credit note feature and the purchase order type 'Returned Item'.

Return an item with multiple serial and batch numbers to a vendor or a customer.

Create and set up a Return action.

Explain how Return actions affect customer and vendor returns.

Create a Customer Credit Note with resalable inventory.

Create a Customer Credit Note with non-resalable inventory.

Set Up Trade Agreements

Activate Trade Agreements

Trade Agreement Parameters

Make adjustments to Agreements

Supplementary Items

Set up a vendor trade agreement

Create and attach line and multiline discount groups to items

Set up a trade agreement for a customer

Use a Price/discount agreement journal to change trade agreements

Set up a supplementary item and attach it to a supplementary item group

Explain the steps required to set up and activate customer and vendor trade agreements

Discuss the Price/Discount Groups and the four types of Vendor and Customer trade agreements that are available in Microsoft Dynamics AX

Explain how to set up and use trade agreement parameters

Create, copy, or modify trade agreements by using Trade agreement journals

Set up and use Supplementary Items

The Fundamental Costing Issue

Standard Cost Price

Estimated Inventory Values before Closing

Packing Slip Updates and Inventory value

Inventory Models Used for Closing

The Dimension Group Parameter Financial inventory and Inventory Closing

Pre-closing Actions

Closing Inventory

Inventory Recalculation

Manual Inventory Adjustments

Inventory Costing and Adjusting Reports

Create purchase order and sales order transactions for items with different model groups.

Close inventory and investigate how the inventory model affected the inventory valuation.

Create a sales order for an item that uses weighted average inventory model invoice the order.

Investigate how settlements were made on account of the Financial inventory setting of the dimension group for the item.

Repeat inventory closing for the sales order form the last lab and change the Weighted Average Parameters.

Investigate what effect this change had on closing and settlements.

Create purchase orders for an item and make an adjustment to the transaction

Create a sales order that will be fulfilled by the purchase orders from the previous lab.

Run a recalculation and investigate how the item’s inventory model group affected settlements of the transaction.

Explain the difference between using a standard cost price and an inventory model for valuing inventory.

Explain how estimated average value is calculated in Microsoft Dynamics AX 4.0 before closing is performed.

Identify the different inventory models and how they affect inventory costing.

Perform pre-closing tasks to make sure of as problem-free closing as possible.

Perform an inventory closing and recalculation.

Make manual adjustments to item transactions and on hand.

Use the costing and adjustment reports.

Inventory Journals General Setup

Journal Names

Dimensions and More

Posting

Profit/Loss and Movement Journals

Transfer Journals

Bills of Material Journals

Counting Journals Setup

Warehouse Items

Counting Groups

Creating and Processing a Counting Journal

Tag Counting Journals

Create a transaction with a movement journal.

Register and inventory adjustment with a Profit and Loss journal

Report and item as finished using a BOM journal

Register a transfer using the transfer journal

Perform a count using a counting journal

Use a tag counting journal to perform and process a count.

Understand how the Movement and Profit/Loss Inventory journals are used to make inventory adjustments.

Post an inventory write-off from a Profit/Loss inventory journal.

Understand how to create and post a Bill of material journal.

Understand how Warehouse items and Counting groups are used to count a group of Items.

Use the Counting journal to post physical inventory count adjustments.

Understand how Microsoft Dynamics AX 4.0 facilitates the Tag counting method of counting physical inventory.

Setup for Transfer orders.

Using the Transfer orders form.

Picking Items for a Transfer Order

Shipping and Receiving a Transfer Order

Set up Transport between two warehouses and enable the delivery date control system.

Simulate delivery scenarios.

Pick the transfer order you created in the last lab

Specify under delivery for a transfer order.

Ship and Receive the transfer order.

Register scrap transactions.

Understand the use of a Transit warehouse with regard to transfer orders.

Set up transport time and the delivery date control system for transfer orders.

Create a transfer order manually.

Pick a transfer order using the Release transfer order picking form.

Ship and receive a transfer order.

Commission Setup

Commission Posting

Commission Customer Group and Commission Item Group

Commission Sales Group

Commission Calculation

Viewing Commission Transactions

Commission Transactions for Item Returns

Create setup for a commission calculation

Set up a commission calculation

View commission transactions from an invoiced sales order

View commission transactions for item returns.

Set up sales commissions for a sales team based on a percentage of revenue or contribution margin.

Understand and view the commission transactions created from invoice-updating a Sales order.