Duration: 1 Day
This course explores all aspects of the Inventory Control module-from the initial setup of inventory items and the multiple methods of valuation supported, to the types of inventory transactions available and the tight integration to the Purchase Order Processing and Sales Order Processing modules. You will learn how to define default system parameters to improve user efficiency and reduce costly data-entry errors.
You will learn how to group items for pricing, promotional, or analytical purposes. You learn how to quickly find information such as inventory quantity on hand, quantity available, quantity on back order, costs, and list prices, and where to drill down to transaction details. You learn how to manage multiple sites, multiple bins within sites, negative quantities, and lot/serial numbers. You will also learn how to simplify entry and reconciliation of physical inventory counts.
What You Will Learn
- How Inventory Control module transactions integrate with other Microsoft Dynamics GP modules
- Inventory Control setup options that allow you to customize the system to better fit your organization's unique needs
- Use the Inventory Control module to process receipts, make adjustments to inventory, and transfer transactions
- Use Inventory Control inquiry screens and reports to extract and analyze appropriate information to maintain and improve inventory business processes
- Create and assemble kits
- How maintenance-screen options affect transactions in the Inventory Control module
- Process physical inventory transactions and record the results
- Document month-end processes and close the Inventory Control module
Audience
- Anyone who plans to implement, use, maintain, consult, or support any part of the Inventory and Order Processing series
- Administrators, office managers, CEOs, and consultants who need to understand the technical aspects of Inventory Control
Prerequistes
- General knowledge of Windows
- Knowledge of basic navigation functions in Microsoft Dynamics GP
- Completed Microsoft Dynamics GP General Ledger, Receivables Management, and/or Payables Management training
Course Outline
1. Overview and Setup
- Course Description
- Module Overview
- Process Flow
- Inventory Setup
- Unit of Measure
- Price Levels
- Price Groups
2. Item and Pricing Setup
- Item Class Setup
- Item Maintenance
- Item Accounts
- Item Price Lists
- Item Quantities
- Item Purchasing Options
- Item Vendors Maintenance
- Item Kits
- Site Maintenance
- Item Stock Count Cycles
- Customer Item Maintenance
- Beginning Quantities
- Item History
3. Daily Procedures
- Transaction Entry Overview
- Posting Overview
- Inventory Batch Entry
- Adjustment and Variance Transactions
- Item Transfers
- Bin Transfer Entry
- In-Transit Transfer
- Stock Count Scheduling
- Stock Count Entry
4. Editing and Removing Records
- Change and Delete Records
- Reconcile
- Adjust Costs
- Change Valuation Methods
- Change Decimal Places
- Price List Utilities
- Remove History
- Remove Bins
- Purge In-Transit Transfer
- Using Inquiry Windows
- Reports
- Report Lists
5. Period-End Procedures
- Period-End Procedures
- Year-End Closing Procedures
Course Labs
Lab 1: Overview and Setup
Lab 2: Item and Pricing Setup
Lab 3: Daily Procedures
