Microsoft Dynamics™ AX 4.0 Trade & Logistics Series II

Course 8631 : 2 days; Instructor-Led

The two-day Microsoft Dynamics AX 4.0 Trade & Logistics, Series 2, course introduces advanced Trade & Logistics functionality in Dynamics AX 4.0, Series 2 builds on information taught in Series 1 that serves as an introduction to Microsoft Dynamics AX 4.0 Trade & Logistics functionality. Series 2 covers Item Registration, Item Reservations and Marking, Item Returns, Customer and Vendor Trade Agreements, Inventory Closing, Inventory Journals, Transfer Orders and Commissions.

Audience

This course is for customers wishing to learn more advanced features and functions offered in Microsoft Dynamics AX 4.0 Trade & Logistics. This course is intended to follow Microsoft Dynamics AX 4.0 Trade & Logistics, Series 1.

The class is targeted toward sales and purchase managers, salespeople, purchasers, and others in an organization who are responsible for the setup and administration of trade and logistics, and inventory management functionality.

At Course Completion

After completing this course, students will be able to:
• 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

Prerequisites

Before attending this course, students must have:
• 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

In addition, it is recommended, but not required, that students have completed:
• Knowledge of trade and logistics
• Knowledge of inventory management concepts

Introduction
Course Outline

The purpose of this chapter is to introduce students to the course and its goals.

Lessons
• Important Definitions
• Understanding the Information Flow in Microsoft Dynamics AX

After completing this module, students will be able to:
• Understand the purpose of the Trade & Logistics Series 2 training course
• Define Trade and Logistics, Inventory, and Inventory Management

Chapter 1: Item Registration

This chapter is designed to introduce item registration during the pick process as a preparation to Reservations and Marking that is discussed in Chapter 2.

Lessons
• 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

Lab 1: Completing a Manual Two-Step Pick
• Set Up of Inventory Model Group
• Pick items using a manual two-step pick

Lab 2: Item Registration of Serialized Inventory
• Use a manual two-step pick to pick and reserve serialized inventory

Lab 3: Editing, Reversing and Splitting a Pick
• Reverse and edit a pick with batch numbers assigned
• Reverse and split a pick with batch numbers assigned

Lab 4: Release Sales Order Picking
• Activate and pick lines attached to a sales order
• Sort sales orders by their customer classification and allocate onhand inventory

After completing this module, students will be able to:
• 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.

Chapter 2: Item Reservations and Marking

This chapter is a follow-up to Item Registration covered in Chapter 1 and is designed to introduce Reservations and Marking functionality in Microsoft Dynamics AX.

Lessons
• Reservations, Dimensions and Transactions
• Reservation Parameters
• Manual Reservations
• Automatic Reservations
• Explosion Reservations
• View Reservations
• Lock Reservations
• Cancel Reservations
• Batch Reservation
• Picking Reserved items
• Marking

Lab 1: Manual Reservation
• Set up a manual reservation from a sales order line

Lab 2: Automatic Reservation
• Set up an automatic reservation

Lab 3
• R Mark an item issue against an item receipt

After completing this module, students will be able to:
• 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

Chapter 3: Item Returns

This chapter discusses how to return a product to a vendor and to accept a product return from a customer. In both cases, you will be shown how to handle the returns with and without serial and batch numbers attached.

Lessons
• Vendor Returns
• Vendor Returns with Serialized Items
• Customer Returns
• Customer Serialized Returns

Lab 1: Working with Item Returns
• Create a vendor return by copying an original purchase order

Lab 2: Completing a Vendor Return Using Order Type: Returned Item
• Create a vendor return using the order type Returned Item

Lab 3: Customer Return of Non-Resalable Items
• Create a customer return using a negative quantity on the sales order

After completing this module, students will be able to:
• 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.

Chapter 4: Customer and Vendor Trade Agreements

This chapter discusses Customer and Vendor Trade Agreements that are fixed price agreements you enter into with one or more customers or vendors for the sale of individual or multiple items. This chapter also covers Supplementary Items that are complimentary or supplementary items sold to a customer or customer group, or sold with an item or item group.

Lessons
• Set Up Trade Agreements
• Activate Trade Agreements
• Trade Agreement Parameters
• Make adjustments to Agreements
• Supplementary Items

Lab 1: Vendor Trade Agreement Set Up
• Set up a vendor trade agreement

Lab 2: Customer Trade Agreement Set Up
• Create and attach line and multiline discount groups to items
• Set up a trade agreement for a customer

Lab 3: Making Adjustments to Agreements
• Use a Price/discount agreement journal to change trade agreements

Lab 4: Supplementary Items
• Set up a supplementary item and attach it to a supplementary item group

After completing this module, students will be able to:
• 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

Chapter 5: Inventory Closing

This chapter discusses inventory closing and adjustment which determines how you value your inventory and how adjustments can be made to inventory value. The chapter also examines the inventory closing process itself from pre-closing checks to viewing item settlements. Additionally, the chapter also focuses on making adjustments before and after inventory closing has been performed.

Lessons
• 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

Lab 1: Inventory Models
• 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.

Lab 2: Costing with Financial Inventory
• 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.

Lab 3: Inventory Closing and Weighted Average Parameters
• 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.

Lab 4: Adjust Transactions
• Create purchase orders for an item and make an adjustment to the transaction

Lab 5: Recalculation
• 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.