Microsoft MB-330 Practice Test - Questions Answers, Page 30

Box 1: Warehouse1

Set up warehouses for transfer orders.

You can use warehouse levels to create a hierarchy that supports transfer orders between warehouses. Based on this setup, master scheduling calculates item requirements at the individual warehouse level and generates planned transfer orders from an assigned source warehouse to fulfill them.

Click Inventory management > Setup > Inventory breakdown > Warehouses.

Select the warehouse that you want to refill.

On the Master planning FastTab, select the Refilling check box.

In the Main warehouse field, select the warehouse that you want to assign as the refilling warehouse.

Master scheduling calculates a transfer requirement for the selected warehouse and generates a planned transfer order from the assigned Main warehouse.

Note: If you clear the Refilling check box, the selected warehouse is assigned a warehouse level in regard to the Main warehouse, but the Main warehouse is not set up as a refilling warehouse.

Close the page to apply the new setup.

Box 2: Transfer

Reference: https://docs.microsoft.com/id-id/dynamics365/supply-chain/warehousing/transferorders-warehouse

Box 1: Ordered reserved

On-hand inventory available for all transactions except for sales orders.

Query your on-hand inventory

To check the availability of inventory, go to Inventory management > Inquiries and reports > On-hand list.

The On-hand list page is automatically updated when transactions are made in inventory. Those transactions might be forecasted, physical, or financial transactions.

For each matching item, the On-hand grid provides the following columns of inventory information.

* Ordered reserved - The total quantity that is reserved on ordered receipts. The value in this field represents the total quantity of items in outbound transactions that have a status of Ordered reserved. Items that are reserved as ordered aren't physically available in inventory. Therefore, they can't be directly picked and delivered.

* Etc.

Box 2: Inventory blocking

Automatic hold on inbound purchase order inventory.

Inventory blocking is part of the quality inspection process in Supply Chain Management. You can use inventory blocking to prevent items from being processed or consumed.

You can block inventory items in the following ways:

Manually

By creating a quality order

By using a process that generates a quality order

By using inventory status blocking

Box 3: Inventory status

Damaged on-hand inventory that can be transferred from a mobile device, leaving the undamaged inventory available.

Set up and use inventory statuses

You can use inventory statuses to categorize inventory. You can then initiate appropriate actions, such as replenishment or put-away work.

Here are some examples of ways that you can use inventory statuses:

Create inventory statuses for on-hand inventory, inbound transactions, and outbound transactions.

Specify a default inventory status for warehouse transactions.

Change an inventory status for items before arrival, during arrival, or when the items are put away during inventory movement.

Use an inventory status to price items that are returned and to plan item coverage during master planning.

Incorrect:

* Quality Order The Quality management for warehouse processes feature lets you integrate item sampling controls into the warehouse receiving process by using warehouse management processes (WMS).

Warehouse work can be automatically generated to move inventory to the quality control location, based on a percentage or a fixed quantity, or based on every nth license plate. After a quality order has been completed, work can be automatically generated to move inventory to the next location in the process, depending on the quality results.

The Quality management for warehouse processes feature extends the capabilities of the basic quality management feature. It provides the option to create quality orders for the inventory that is sent to the quality control location, although quality orders aren't always required. Therefore, it allows for a lightweight quality control process that is based on warehouse work.

* Nonconformance A nonconformance describes an item that has a quality problem. The nonconformance process lets you create a nonconformance order that describes a quantity of nonconforming material, the problem source, the problem type, and explanatory notes.

Reference: https://learn.microsoft.com/en-us/dynamics365/supply-chain/inventory/inventory-onhand-list

https://learn.microsoft.com/en-us/dynamics365/supply-chain/inventory/quality-management-forwarehouses-processes

https://learn.microsoft.com/en-us/dynamics365/supply-chain/inventory/inventory-blocking

Box 1: Sub ledger

To set up standard costs, follow these steps.

Define inventory parameters that are related to standard costs.

In the Cost breakdown field, select None or Sub ledger. If you select Sub ledger, the cost breakdown is an active cost breakdown. An active cost breakdown is critical for calculating, retaining, and viewing cost group segmentation across a multilevel product structure for standard cost items.

Box 2: Per cost group In the Variances to standard field, select Summarized or Per cost group. If you select Per cost group, you can identify purchase price variances and production variances by cost group.

Summarized, you can't identify variances by cost group, and you can't identify the four types of production variances. You can just view a summarized production variance.

Etc.

Reference: https://docs.microsoft.com/en-us/dynamics365/supply-chain/costmanagement/prerequisites-standard-costs

Box 1: Variable

Box 2: Scalable

Use the Scalable feature The Scalable feature is available only if all the item components in the formula are set to Variable consumption. The feature isn't available if item components are set to Fixed consumption or Step consumption. When the Scalable feature is used, if you change an ingredient in a formula, the quantity of the other ingredients that you select is adjusted. The size of the formula is also adjusted.

Likewise, if you change the formula size, the quantity of all scalable ingredients is changed. This feature is intended specifically for formula creation and maintenance. It doesn't indicate whether the quantity of an ingredient will be scaled up or down on a batch order.

Reference: https://learn.microsoft.com/en-us/dynamics365/supply-chain/productioncontrol/formulas-versions

Box 1: BOM line

You must set up and release a subcontractor item so that it can be included on the BOM and subcontractor charges are included in the BOM calculation.

To be considered in planning and cost calculation, the service must be added to the BOM. The BOM line must be of the Vendor type, and it must be allocated to the route operation that the service is allocated to. This route operation must have a costing resource and resource requirement that point to a resource of the Vendor type that connects the operation and the related service to the corresponding vendor account.

Box 2: Clear stocked product

Because the subcontractor is a step included in a BOM but not a tangible item, inventory for the item must not be tracked in the warehouse.

Subcontracting of route operations To use subcontracting of route operations for production or batch orders, the service product that is used for the procurement of the service must be defined as a product of the Service type.

Additionally, it must have an item model group that has the Stocked product option under Inventory policy set to Yes. This option defines whether a product is accounted as inventory on product receipt (Stocked product = Yes), or whether the product is expensed on a profit and loss account (Stocked product = No). Although this behavior might seem contradictory, it's based on the fact that only products that have this policy will create inventory transactions that can be used in cost control to calculate planned cost and determine the actual cost when a production order is ended.

Reference: https://learn.microsoft.com/en-us/dynamics365/supply-chain/productioncontrol/manage-subcontract-work-production

Box 1: Enable Options of defaulting financial dimensions for inventory standard cost revaluation.

Set default financial dimensions for inventory standard cost revaluation vouchers Business value This feature streamlines the standard cost revaluation process. A standard cost revaluation voucher is normally generated when activating a new standard cost. This capability simplifies the process and allows you to choose how the system will assign financial dimensions to inventory standard cost revaluation vouchers.

Box 2: None.

Feature details This feature provides options that let you choose how the system will assign financial dimensions to inventory standard cost revaluation vouchers. Once the feature is enabled, you can manage its settings by going to Cost management > Inventory accounting policies setup > Parameters, where you'll find the new Origin of financial dimension setting. The new setting provides the following options:

* None: No financial dimensions are posted on the revaluation transactions. If your account structure includes a required financial dimension, the revaluation process will still run, but it will create accounting entries that have no financial dimensions. In this case, users will receive a warning message first, so they can cancel the revaluation if necessary.

* Table: The financial dimensions of the item are posted on the revaluation transactions. (This is the default setting and is consistent with the original system behavior.) * Posting: The financial dimensions of the transaction being revalued are posted on the revaluation transactions. By default, the financial dimensions from the original transaction's inventory account will be used for both the inventory account and the revaluation account.

Reference: https://docs.microsoft.com/en-us/dynamics365-release-plan/2021wave1/financeoperations/dynamics365-supply-chain-management/set-default-financial-dimensions-inventorystandard-cost-revaluation-vouchers

Box 1: Create a new costing version.

As we need two standard cost structures, we need two cost versions.

Note: A costing version can support a standard cost inventory model for items, where the costing version contains a set of standard cost records about items and manufacturing processes.

Box 2: Enable the Blocked flag.

The manager could use the Costing version setup page to change the blocking flag to allow activation of the pending cost records in the second costing version.

Box 3: Activate the fallback principle

Update standard costs for a new manufactured item (see last line below).

The following guidelines assume that you use a two-version approach to update standard costs. In this approach, one costing version contains the standard costs that were originally defined for the frozen period, and the second costing version contains the incremental updates that pertain to the new manufactured items. The incremental updates are entered as cost records in the second costing version, and eventually they are enabled. The two-version approach requires that you define a second costing version. Here are the guidelines for defining this costing version:

Assign a costing type of Standard cost.

Assign a significant identifier that indicates the contents of the costing version, such as 2016- UPDATES.

In the Allow price types field group, make sure that Cost price is set to Yes.

Allow cost records to be entered for all sites (that is, leave the Site field blank). If you enter a site, cost records can be entered only for that site.

Use a fallback principle of Active.

Reference: https://docs.microsoft.com/en-us/dynamicsax-2012/appuser-itpro/about-costingversions

https://docs.microsoft.com/en-us/dynamics365/supply-chain/cost-management/update-standardcosts-new-manufactured-item

https://docs.microsoft.com/en-us/dynamics365/supply-chain/cost-management/update-standardcosts-new-manufactured-item

Box 1: price group, affiliations Price groups are at the heart of price and discount management in Commerce. Price groups are used to assign prices and discounts to Commerce entities (that is, channels, catalogs, affiliations, and loyalty programs). Because price groups are used for all pricing and discounts, it's very important that you plan how you will use them before you start.

If you want to apply customer-specific prices, we recommend that you not set price groups directly on the customer. Instead, you should use affiliations.

Box 2: trade agreement, customer Trade agreements are fixed price or discount agreements that are set up for one or more customers or vendors for the sale or purchase of single or multiple products.

Trade agreements can apply to the following:

A specific customer, a vendor, or a product

Groups of customers, vendors, or items

All customers, all vendors, or all items

Reference: https://docs.microsoft.com/en-us/dynamics365/commerce/price-management

https://docs.microsoft.com/en-us/learn/modules/configure-use-agreements-dyn365-supply-chainmgmt/2-trade-agreements