Topic 6: School of Fine Arts
You need to configure the whiteboard paint requirements for schools.
Which two settings should you configure? Each answer presents part of the solution.
NOTE: Each correct selection is worth one point.
A.
Quantity commitment
B.
Max is enforced
C.
Price and discount is fixed
D.
Minimum release amount
E.
Maximum release amount
Quantity commitment
Max is enforced
A: Commitment types
Each line in a purchase agreement is a commitment to buy something. You can use lines
from multiple purchase orders (POs) to fulfill the commitment. There are four types of
commitments:
Product quantity commitment – You purchase a specific quantity of a product.
Product value commitment – You purchase a specific currency amount of a product.
Product category value commitment – You purchase a specific currency amount in a
procurement category. The amount can be for a catalog item or a non-catalog item.
Value commitment – You purchase a specific currency amount of any product or products
in any procurement category.
Policies for purchase agreements
B: The following policies affect the way that the link between a purchase agreement
commitment and the corresponding PO lines works:
Max is enforced – The total quantity or amount for all order lines can't exceed the quantity
or amount that is specified on the related commitment.
Price and discount is fixed – The price on an order line and the price on the related
commitment must be the same. If the price is changed on the order line, the link to the
commitment is broken. If the link is broken, the order line doesn't contribute to the
fulfillment of the commitment.
Minimum release amount and Maximum release amount – If an amount is specified, you
receive a message if you make any change to an order line that causes the order line to
differ from the related commitment.
Note: As whiteboard paint grows in popularity, so does the demand. This causes supply
shortages. Whiteboard paint is ordered six months in advance.
Requirements. Customers and sales
(A) Schools must agree to the amount of whiteboard paint they will purchase for the whole
school year.
(B) Sales of whiteboard paint must be limited so that one school does not buy all the
inventory and force backorders for other schools.
Reference: https://learn.microsoft.com/en-us/dynamics365/supplychain/
procurement/purchase-agreements
You need to process the expedited photocopier replacement.
What should you do?
A.
Release the order to the warehouse for shipping
B.
Create and release a load for the order.
C.
Send the shipment to the warehouse before sending it to the customer.
D.
Create an advance exchange order.
Create an advance exchange order.
Configure and process an exchange on a return order.
Note: Due to space constraints, school orders for photocopiers are shipped from the
vendor to the school.
A school calls customer service to report that its photocopier is broken. The school needs
expedited shipment of a replacement.
Reference: https://learn.microsoft.com/en-us/dynamics365/commerce/orderexchanges
You need to configure the smartboards.
What should you create?
A.
price groups
B.
a new product master for each variation
C.
a bill of material (BOM) version
D.
variants by using the variant suggestions tool
School of Fine Art agrees to purchase a new line of smartboards from a vendor. The
agreed-upon smartboard purchase prices will have a cost price per 55-inch, 75-inch, or 85-
inch.
Predefined product variants
Example scenario: Create predefined product variants
This example scenario shows how to create product variants for a product master using a
combinations of product dimensions.
Step 1: Create a product master
Step 2: Add product dimensions
Step 3: Generate product variants
To generate product variants:
With your new product master still open, select Product variants on the Action
Pane.
Select Variant suggestions on the Action Pane.
The system generates a list with all possible combinations of the sizes and colors
you defined for the product. Select Select all on the toolbar.
In this example, select all of the possible variants. If you only want to use a subset
of the possible product dimension combinations, select only the required check
boxes as needed.
Select Create.
Select Save.
Reference: https://learn.microsoft.com/en-us/dynamics365/supply-chain/pim/tasks/create-predefined-product-variants
You plan to use Planning Optimization.
You configure a receipt margin.
How is the receipt margin applied?
Select only one answer.
A.
from the issue date and backward from the receipt delivery date
B.
from the receipt delivery date and forward from the requirement date
C.
from the receipt delivery date and backward from the requirement date
D.
from the issue date and backward from the requirement date
E.
from the purchase trade agreement from date and backward from the requirement date
from the receipt delivery date and backward from the requirement date
A company uses Dynamics 365 Supply Chain Management. The company provides
warehouse workers with handheld devices to perform inventory operations.
Periodic inventory audits are required due to the frequent theft of some inventory items
from a warehouse. Some inventory has been fully depleted. On-hand inventory quantities
of other items are consistently incorrect.
You need to configure the system to automatically create cycle-counting work.
Which two methods can you use? Each correct answer presents a complete solution.NOTE: Each correct selection is worth one point.
A.
threshold parameters
B.
work pool
C.
cycle count plan
D.
work policies
E.
inventory journals
threshold parameters
inventory journals
A company uses Dynamics 365 Supply Chain Management.
The company classifies and tracks products based on how useful they are for achieving
their business goals. Certain product classifications are important in relation to inventory
controls and margins. Other classifications have a small profit margin and are less
important for inventory variances.
The classification configuration must feed into existing classification reports and system
logic.
You need to configure the products for the classifications.
Where should you configure the classifications?
A.
Unreleased product variant
B.
Released product variant
C.
Product attributes
D.
Unreleased product
E.
Released product
Product attributes
You are the inventory manager at a large distribution company.
You notice item P0001 has been running out regularly and the on-hand count seems to
differ from what is in Dynamics 365 for Finance and Operations. You want cycle count work
to be automatically created when the quantity drops below 10 pieces, which is about once
a week.
You need to appropriately configure warehouse management to generate cycle count work.
What should you do?
A.
Create a cycle count plan for item P0001 to run when the quantity is below 10.
B.
Create a cycle count threshold that is percentage based that will generate work when
inventory drops
below 10% for item P0001.
C.
Create a cycle count threshold that is quantity based and specify 10 for the quantity.
Add P0001 as a selected item.
D.
Create a cycle count plan for item P0001. Generate a batch job that runs once a week.
Create a cycle count threshold that is quantity based and specify 10 for the quantity.
Add P0001 as a selected item.
Reference:
https://docs.microsoft.com/en-us/dynamics365/unified-operations/supplychain/
warehousing/cycle-counting
Note: This question is part of a series of questions that present the same scenario. Each
question in the series contains a unique solution that might meet the stated goals. Some
question sets might have more than one correct solution, while others might not have a
correct solution.
After you answer a question In this section, you will NOT be able to return to It. As a result,
these questions will not appear In the review/ screen.
You are the purchasing manager at a manufacturing company that makes audio
equipment-
You sign an agreement with a vendor to purchase 5,000 speaker cables. Item C0001, at a
discounted rate of S3,00 per cable. This agreement expires in exactly one year.
You need to set up pricing information and track the fulfillment of the agreement.
Solution: Create a purchase agreement for the vendor that specifies a product quantity commitment. Include the quantity, the price, and the expiration date.
Does the solution meet the goal?
A.
Yes
B.
No
Yes
https://docs.microsoft.com/en-us/dynamics365/supply-chain/procurement/purchaseagreements
A company uses Dynamics 365 Supply Chain Management.
A customer negotiated a sales price for 100 items for the next 60 days. Management
reviews reports on how many items the customer has purchased at this price. The
customer has an existing order for the agreed sales agreement quantity. The customer
calls to add an additional quantity that exceeds the sales agreement maximum amount.
The customer is not entitled to the discounted sales price outside of the agreement.
You need to ensure that the customer receives the ordered amount and that the
management reports are correct.
Which action should you perform?
A.
Modify the sales agreement quantity as unconfirmed.
B.
Edit the sales order quantity and when prompted to save changes, select Yes.
C.
Modify the sales agreement to clear the Max Enforced checkbox and do not confirm.
D.
Create a new sales order for the quantity that exceeds the sales agreement amount.
Edit the sales order quantity and when prompted to save changes, select Yes.
Reference: https://docs.microsoft.com/en-us/dynamics365/supply-chain/salesmarketing/
tasks/enter-sales-agreements
You are the customer relations manager at a wholesale company.
You perform promotion planning and must track fund usage.
You need to set up a trade allowance agreement to register and track promotion contracts.
Which two items should you set up prior to creating the agreement? Each correct answer presents part of the solution.
NOTE: Each correct selection is worth one point.
A.
Sales category hierarchy
B.
Opportunity reasons
C.
Customer category hierarchy
D.
Trade allowance funds
Customer category hierarchy
Trade allowance funds
https://docs.microsoft.com/en-us/dynamics365/unified-operations/supply-chain/salesmarketing/
trade-allowance
A company is implementing Dynamics 365 Supply Chain Management. The company
manages inventory by using a just-in-time
A purchase order arrives for an item. The system must allow sales order shipments of the
item to posted before the purchase order invoice is received.
You must ensure that the item model group configuration allows for shipment of items.
Which parameter should you enable?
A.
Location profile negative inventory
B.
Financial negative inventory
C.
Physical inventory
D.
include physical value
E.
Registration requirements
Financial negative inventory
Financial negative inventory:
If checked, the system will allow you to raise a Sales Order and directly Invoice while bypassing packing Slip only if the available physical quantity having status receipt as
Received or Purchased. Means at least your available physical quantity should be
physically posted.
If unchecked, system will not allow you to do the invoice even if all the items in the order
are physically updated that means cost price should be known for the quantity that is
financially pulled from inventory.
https://community.dynamics.com/ax/f/microsoft-dynamics-ax-forum/265813/physicalnegative-
inventory-and-financial-negative-inventory-on-item-model-group?pifragment-
96834=1
A company is implementing Dynamics 365 Supply Chain Management with batchcontrolled
items.
The management team wants to ensure that sales margins are calculated based on the
cost of the product. Because the company values inventory using FIFO, the cost of the
product fluctuates. The product is typically less expensive in the beginning of a sales cycle
and becomes more expensive toward the end of the sales cycle. You must ensure that
products are sold and that margins are calculated based on the cost of the inventory.
You need to ensure that the correct costs are assigned.
What should you configure?
A.
Run the Update expiry date job.
B.
Configure Reserve ordered items.
C.
Enable automatic reservation.
D.
Configure an item model group reservation policy.
Configure an item model group reservation policy.
Reserve the same batch for a sales order
Same batch reservation lets you reserve inventory for a sales order line against a single
batch of inventory. For example, a customer who orders wallpaper can request that the
whole order be filled from the same batch or lot, to avoid inconsistencies among the rolls.
To set up a product to use same batch reservation, the following settings must be active in
the item model group, tracking dimension group, and storage dimension group that you
assign to the product:
* Item model groups – The item model group must have the Same batch selection and
Consolidate requirement fields selected in the Reservation field group for inventory
policies.
* Etc.
Reference: https://docs.microsoft.com/en-us/dynamics365/supply-chain/salesmarketing/
reserve-same-batch-sales-order
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