Blog Series III: Supply Chain Management (Part B)

  1. Inventory
  • Basic Inventory

Set up stock items and specify properties such as their unit of measures, costing method, inventory posting group, and unit cost and price. Post item transactions, such as sales, purchases, and negative and positive adjustments from item journals. Store quantity and cost records of posted transactions in the inventory ledger and use that as the basis for inventory valuation and other costing calculations.

  • Item Categories

Group items in a hierarchy and define custom categories that include specific attributes.

 

  • Item Attributes

Add custom attributes, such as color, country of manufacture, size, or product dimensions, to applicable items to supplement built-in global item fields. Use Azure AI to let Business Central analyze images of your items and automatically suggest item attributes. Define types of attribute options, including list and text, and integer and decimal, including units of measure. Translate attribute names and options for multiple languages. Block attributes or attribute options from being used, for example, if they are no longer applicable.

 

  • Item Tracking

Assign serial or lot numbers manually or automatically, receive and ship multiple quantities with serial or lot numbers from a single order line entry.

  • Multiple Locations

Manage inventory in multiple locations representing a production plant, distribution centers, warehouses, showrooms, retail outlets, and service cars.

 

  • Stock-Keeping Units (SKU)

Identical items with the same item number can be stored in different locations and managed individually at each warehouse. Add location based cost, replenishment and manufacturing information.

 

  • Location Transfers

Track inventory in transit from one location to another. Account for the value of stock in transit and at various locations.

 

  • Shipping Agents

Set up multiple shipping agents (for example, UPS, DHL, external carriers, or your carrier) and their services (express, overnight, standard) with shipping time. Default shipping agents and their services with customers can be specified on sales orders and transfer orders to improve order accuracy.

  • Calendars

Set up calendars with working and non-working days. Base calendars can be applied to customers, vendors, locations, companies, shipping agent services, and the service management setup and make changes when needed. Use calendar entries in date calculations on sales, purchase, transfer, production, service orders, and the requisition and planning worksheets.

 

  • Item Charges

Manage item charges. Include the value of additional costs such as freight or insurance in the unit cost or unit price of an item.

 

  • Item Cross References

Identify the items a customer is ordering based on item numbers other than your own. Store and readily access cross-reference information from customers, vendors, manufacturers, generic numbers, universal product codes (UPCs), and European article numbers (EANs).

 

  • Item Substitutions

Link items with similar characteristics suggest alternatives for out-of-stock items on orders. Provide extra service to customers by offering lower-cost options.

 

  • Item Budgets

Define sales and purchase budgets on the customer, vendor, and item levels. Prepare sales budget that can serve as input to decision-makers in operational areas such as purchasing and logistics. Get information about expected demand and use it in business discussions with customers. Finalize budgets and track the actual sales performance by calculating the variance—export budget figures to Excel for flexible calculations in the budgeting process.

 

  • Analysis Reports

Provide decision-makers, especially those with responsibility for sales, purchases, and product portfolio management, with meaningful information that informs day-to-day decisions. Build on item entries to provide customizable analytics that let you add and combine analysis objects, such as customers, items, and vendors, according to your needs.

 

  • Cycle Counting

Manage cycle counting to verify inventory record data used to maintain and increase inventory accuracy. You can set up cycle counting on the item or SKU level.