Microsoft Dynamics 365 for Finance and Operations is now being licensed as Dynamics 365 Finance and Microsoft Dynamics 365 Supply Chain Management.
This release will bring usability enhancements in sales and procurement that increase users’ productivity and satisfaction. Superusers will be able to propose filtered views and purpose build forms where unnecessary fields or actions can be removed, allowing for a quick understanding of the purpose of the form and fast interaction with it.
The benefits are two-fold. The knowledge of superusers can be disseminated to the organization and all skill levels of users can benefit from targeted views crafted to fit the task at hand.
Microsoft Dynamics 365 Supply Chain Management Features
1. Asset Management
- Asset Management is an advanced module for managing assets and maintenance jobs in Dynamics 365 Supply Chain Management.
- Asset Management integrates seamlessly with several modules in Finance and Operations.
- Asset Management enables you to efficiently manage and carry out tasks related to managing and servicing many types of equipment in your company, for example, machines, production equipment, and vehicles.
- Asset Management supports solutions across numerous industries.
2. Cost Accounting
The major concepts and tasks that make up the framework of the Cost accounting module.
3. Cost Management
- Cost management lets you work with the valuation and accounting of raw materials, semi-finished goods, finished goods, and work-in-progress assets.
- It is the process of defining, managing, and reporting Inventory accounting and Manufacturing accounting.
- The Cost management Power BI content provides managerial insight into inventory and work-in-progress (WIP) inventory, and how cost flows through them by category over time.
- The information can also be used as a detailed supplement to the financial statement.
4. Inventory Management
You can use Inventory management to perform the following tasks:
- Inbound operations
- Quality assurance
- Inventory activities
- Outbound operations
- Inventory control
5. Master Planning
At its core, Master planning allows companies to determine and balance the future need for raw materials and the capacity to meet company goals. Master planning estimates the following:
- What raw materials and the capacities are currently available?
- What raw materials and capacities are needed to complete production?
- For example, what must be manufactured, purchased, transferred, or set aside as safety stock before you can complete production.
Master planning uses the information to calculate the requirements and generate planned orders.
6. Procurement and Sourcing
- Procurement and sourcing cover all the steps from identifying a need for products and services through procuring the product, receipt, invoicing, and processing of payment with vendors.
- Procurement processes can be configured toward specific business needs by defining purchasing policies and workflows.
7. Product Information
- Product information is the backbone of supply chain and retail applications across all industries.
- It refers to processes and technologies that focus on centrally managing information about products (for example, across supply chains).
- It’s crucial that shared product definitions, documentation, attributes, and identifiers be used.
- In the various modules of a business solution, product-specific information and configuration are required in order to manage the business processes that are related to specific products, product families, or product categories.
8. Production Process
- The production of products, a process that is also known as the product life cycle, follows specific steps that are required to complete the manufacture of an item.
- The lifecycle starts with the creation of the production order, batch order, or kanban.
- It ends with a finished, manufactured item that is ready for either a customer or another phase of production.
- Each step in the life cycle requires different kinds of information to complete the process.
9. Sales and Marketing
- You use the sales function to make the quotations, up-sell and cross-sell to new and existing customers, create sales orders, and create sales invoices for customers.
- The following process flow shows the business process for sales.
- You use marketing campaigns and activities to find and build relationships with potential customers so that initial interactions can develop into sales relationships.
- The following process flow shows the business process for marketing.
10. Service Management
- Use Service management to begin the service agreements and service subscriptions, handle service orders and customer inquiries, and to manage and analyze the delivery of services to customers.
- You can use service agreements to define the resources that are used in a service visit.
- You can also use service agreements to view how those resources are invoiced to the customer.
- A service agreement can also include a service level agreement that specifies standard response times and offers tools to record the actual time.
11. Transportation Management
- Transportation management lets you use your company’s transportation, and lets you identify the vendor and routing solutions for inbound and the outbound orders.
- For example, you can identify the fastest route or the least expensive rate for the shipment.
- In Transportation management, transportation planning can be based either on orders or on the shipments that are created based on those orders.
12. Warehouse Management
The Warehouse management system in Finance and Operations gives you flexible ways to define your warehouse layout to meet changing needs so that you can achieve optimal warehouse efficiency.
- You can begin the high-priority and low-priority storage areas for optimum placement of goods.
- You can divide your warehouse into zones to accommodate various storage needs, such as temperature requirements, or different turnover rates for items.
- You can particular the warehouse locations on any level (for example, site, warehouse, aisle, rack, shelf, and bin position).
- You can group locations by using physical capacity constraint settings.
- You can control how items are stored and the items are picked, based on the query-defined rules.
To use warehouse management in Finance and Operations, you must create a warehouse and enable it for more advanced or specialized warehouse management activities. On the Warehouses page, select the Use warehouse management processes option.