Book Image

Becoming a Dynamics 365 Supply Chain Management Functional Consultant Associate

By : Juan Bravo Vargas, Mariano Martínez Melo
5 (1)
Book Image

Becoming a Dynamics 365 Supply Chain Management Functional Consultant Associate

5 (1)
By: Juan Bravo Vargas, Mariano Martínez Melo

Overview of this book

Meeting delivery commitments has become increasingly challenging due to evolving demands and fluctuating material availability. As a result, establishing robust systems and processes that can adapt to this dynamic environment has become a necessity. With Becoming a Dynamics 365 Supply Chain Management Functional Consultant Associate, you’ll understand how to initiate and implement effective supply chain management processes. This book begins with an overview of the processes and modules within Dynamics 365 and then delves into real-life case studies involving procurement, sales, and quality assurance. You’ll explore more advanced tools and core processes, such as warehouse and transportation management, which allows you to define storage flows and shipping controls. You’ll also learn about the various tools available to define solutions and discover how to work within the Dynamics 365 Supply Chain Management platform. The last set of chapters will take you through the planning techniques and considerations to schedule and control all supply process flows seamlessly. By the end of this book, you’ll not only be well-prepared to obtain your certification as a Microsoft Dynamics 365 Supply Chain Management Functional Consultant Associate but also be equipped to solidify your expertise and pursue exciting career opportunities.
Table of Contents (14 chapters)

What about consignment inventory?

Multiple companies have to ensure critical inventory in their facilities to reduce time and transportation costs, mostly because their manufacturing operations are too costly to stop them by inventory breakdowns.

To do that, companies store an inventory owned by vendors in their warehouses, and when they are ready to consume it, they take ownership of that inventory. This is called consignment inventory.

Consignment inventory process

The consignment process starts when a company brings a vendor’s inventory into its warehouse. The company cannot create a PO because the inventory’s owner is the vendor until this item is sold or consumed. If a PO is used, the company assumes the inventory value, which is unrealistic and will have financial differences.

The company must follow this process to perform a consignment in Supply Chain Management:

Figure 4.58 – Consignment process

Figure 4.58 – Consignment process

In Figure 4.58...