Course Outline:

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.

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.

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.

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.

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.

After completing this module, students will be able to:

• 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.

Chapter 6: Inventory Journals

In this chapter, you should gain an understanding of Inventory journals in Microsoft Dynamics AX 4.0 by reviewing the initial setup and each of the journals. Inventory journals are used for posting physical and financial inventory transactions including posting issues and receipts, inventory movements, creating Bills of Material, and reconciliation of physical inventory.

After completing this module, students will be able to:

• 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.

Chapter 7: Transfer Orders

This is a process-oriented way to deal with transfer orders between warehouses within the same company.

After completing this module, students will be able to:

• 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.

Chapter 8: Commissions

This chapter introduces the steps required to set up sales commissions for salespeople. It also covers how to inquire on the calculated commissions from posted sales transactions.

After completing this module, students will be able to:

• 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.